„As we can see, buyers made an attempt to break the mid-term down trendline (red). That try is so far successful but that should end soon. The current drop looks strong and the chances to see the further decline are much higher. „
9 days later, we were already on the 0.11 USD. That is the place, where the ADA started a bullish correction. Technically, it was strengthened by the inverse head and shoulders pattern. Which on the 16th of July, resulted with a breakout of the neckline. The upswing wasn’t the strongest one. The price went higher but that was just the correction, not the trend reversal expected by the hodlers.