This looks interesting. Its it a LOT of volume on the way down. Something is going on with this one… These perpetual futures charts show a bit of a different story. It does look like there is an accumulation plan taking place.

Again, High volume spikes alone are not enough (for me at least) to just jump in. I need to see the accumulation cycle play through. I like seeing a bear trap ( spring ).. or sme sort of a double botton. They tend to fake you out right before the mark up or mark down. The spring and upthrusts here stand out all over this chart.

Keep an eye on ADA. It might make do something. Its also pretty low which does mean bargain prices to the smart investors/traders. One thing is certain tough, this is too low to short. Way too close to the bottom… in my opinion of course.

Good luck-