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Cardano price paints 'death cross' with ADA at two-month lows vs. Bitcoin

CryptocurrencyOct 19, 2021 02:40PM ET
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© Reuters.

Cardano (ADA) has formed a deadly "death cross" on its daily chart against Bitcoin (BTC) — a market signal that's generally seen as a warning of more downside in the near term.

The ominously-titled indicator kicks in when an asset's short-term moving average closes below its long-term moving average. In doing so, it calls for technically-minded traders to increase their bearish positions in the market.

ADA/BTC daily price chart featuring Oct 2021 death cross. Source: TradingView
ADA/BTC daily price chart featuring May 2019 death cross. Source: TradingView
ADA/USDT daily price chart featuring inverse cup and handle pattern. Source: TradingView

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Cardano price paints 'death cross' with ADA at two-month lows vs. Bitcoin
 

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no spin
no spin Oct 19, 2021 4:02PM ET
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3 months of reading this is getting ready to explode to 3.00 dollars and well honestly anyone explain?
 
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