ADABTC Unsustainable Growth.

Hey all, here’s another entry on my tradingview series called 'Quick Updates'.

We can find this clean RSI Bearish Divergence here on ADA. With the extremely overbought RSIs of over 80, we can get our first indication of an unsustainable price increase. After we also get the bearish divergence, we get yet another signal the price is about to drop again. I showed a possible short trade on the chart, in order to monetize this scenario.


--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!