Cardano price paints 'death cross' with ADA at two-month lows vs. Bitcoin
Cointelegraph
Published Oct 19, 2021 01:02PM ET
Updated Oct 19, 2021 02:40PM ET
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.
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Written By: Cointelegraph
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