ADA vs. ETH (Y21.P6.E1)
Hi All,
2 of the current market leaders right now are ADA and ETH.
Hence it makes sense you know when to flip from ADA to ETH and there will be a time to BTC.
I have set out the weekly chart with clear support and resistance levels and why the top has a rejection right now.
We can agree, ADA had a strong run against ETH recently and I wish I paid attention to this chart more so at the time but now I have flipped alot of my ADA to ETH as we can see ETH taking its turn.
I'm not going into detail about the TA, the chart does it.
Key points:
> I have added the weekly 20 and 50 MA which have confluence with the price action along with the fib levels.
> ADA not likely to drop hard and fast against ETH but in the shorter time frame, we expect ADA and ETH to level out and ADA to slowly lose against ETH
> Have 2 other supporting charts , not the indicators
> Have ETH dominance chart and ADA dominance Chart, ADA seems to have toped where as eTH has more to the upside.
Link below shows my last post on this subject.
All the best,
S.SAri
The indicators also help support the notion of a reversal top.
ETH dominance versus ADA dominance on the 4 hrly chart
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