Downtrend Channel with Possible Exaustion

٣٠ يونيو ٢٠١٩

After being for a while in a downtrend channel, ADA may be experiencing some exaustion candles as marked in the chart, most probably stop-loss candles than really selling candles that are followed by more distribution and not more selling.

If we get a good breakout, is expected some retrace near 0.5 fibonacci and our potential target is 930 satoshis.