ADA: A Weak Market Can Keep Price Inside The Channel

ADA: A Weak Market Can Keep Price Inside The Channel

Since August 15, the price is just moving down within a
daily channel.

As we can see this pattern is very solid and as long as the price will
develop within the channel it can keep moving lower.

The maximum price increase could be close to 0.38500

Once the price will be there it has to decide on the next move.

A break out above 0.38500 will help the price to rise more...

If the resistance near 0.38500 will stop the price increase we may see
the price moving down further.

Thank you and Good Luck!