Breakdown of short term to long term $ADA technical analysis as of 9/14/24
Price is coming to an apex, which means a large move is coming soon.
It’s decision time.
The FED FOMC meeting is Sept 18 which is likely the major catalyst to make markets move. (first rate cut)
The weekly and monthly charts are looking quite good for a major reversal.
If bond yields continue to fall, I’d expect $ADA and #altcoins to explode in value.
We will likely see a lot of volatility this week regardless the outcome of rate cuts.
If we only get a 25 basis points cut I’d expect a sell off.$BTC
