ADA — EMA Bearish Crossover on the WEEKLY chart 🚨
Trade signals on the weekly chart usually have a strong impact and reliability.
In terms of $ADA this could lead to even more downward momentum.
Based on the latest weekly close, Cardano has flashed a #bearish EMA crossover. That means a short moving average has fallen below a longer moving average.
Typically, this bearish cross indicates a longer downward trend.
Although the signal doesn't have the best probability based on the backtest, it's probably still worth considering for some long-term trades.
The profit potential has been calculated at 30%. This would send ADA back to its major support at 0.25 - 0.24.
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