$ADA is moving precisely along the trend line.
Do you think it will bounce back again next time, or will the trend be broken?
I think that if the entire market crashes, this trend will end as well, and there may not be enough buying pressure to sustain it.
The price is approaching the trend line for the 5th time — the longer it tests the level, the greater the chance that a momentum move will break it.
Moreover, I see a bearish divergence on the chart, so things could turn out very differently this time.
Do you think it will bounce back again next time, or will the trend be broken?
I think that if the entire market crashes, this trend will end as well, and there may not be enough buying pressure to sustain it.
The price is approaching the trend line for the 5th time — the longer it tests the level, the greater the chance that a momentum move will break it.
Moreover, I see a bearish divergence on the chart, so things could turn out very differently this time.