ADAUSD - From this simple chart, whole crypto market bullish?
2024-12-27
Category: None

While its not necessary obvious to guess next move on BTC, some alts like ADA can help a lot

ADA made a rebound on the weekly 200MA on the 20th of December, that mark was also a support from the previous high made in feb 2024 and another support on feb 2022

as we are talking with big timeframes, chances for the asset to go under 20th December lows are very unlikely (but still possible), making the WHOLE crypto market still very bullish

what now ?

We can easily revisit ATH at 3, the faster we reach it, the higher we can go next
3 possibilities : February, April or September 

not financial advice
Cheers