Along with solid fundamentals such as the gougen update in March and potential exchange listings in February this year, Cardano ADA is looking to break a multi-year downtrend vs bitcoin.
If we can break this downward trend line created in April 2019, this is, in my opinion a bullish indicator that we can break the 0.00002000 area and claim it as as support on a retest. I would then expect ADABTC make a big move upwards towards the 0.00004000 region after/during gougen update and exchange listings happen, before heading up to test all-time highs for ADA against BTC.
If we can break this downward trend line created in April 2019, this is, in my opinion a bullish indicator that we can break the 0.00002000 area and claim it as as support on a retest. I would then expect ADABTC make a big move upwards towards the 0.00004000 region after/during gougen update and exchange listings happen, before heading up to test all-time highs for ADA against BTC.