ADABTC can drop hard if the 1W MA200 is compromised

1W chart representing the ADABTC pair on the current and previous Cycle. There is a clear Resistance and Support Zone and based on where the Stoch RSI is following the 1W MA50 (blue) rejection, we are expecting a strong drop if the weekly closes below the 1W MA200 (orange). If it is unrealistic to expect ADA to lose so much ground and revisit the Support Zone, then based on the Fibonacci levels, we can aim at the -0.13 extension (0.000009).



## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##