Did a TA on
ADA against BTC and it seems like its currently in a downwards sloping trend channel. Not only that, its also below EMA line and this confirms its bearishness. However, if
ADA were to release any big news, usually it will cause a lot of FOMO like previously when it peaked. But other than that, I think that overall, if you want to hold
ADA long term, I would prefer to be holding
ETH because I feel
ADA is slightly more inferior to $ETH.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.