Look at the bounce at the $40k support level, despite the wick below the 200D SMA($46K)
There are two paths now:
- we hold the 200D, and break up $52k (21w EMA) in a few weeks,
- we break down $40K and enter a 3+ months bear market
IF case 1 happens, then I still expect a $5+ ADA in 2022.
IF case 2 happens, then I see a bottom of $.50-$.80 for ADA