I'm a fan of ADA and as a project I feel it has large potential. The company structure, vision and openness give me trust that they are a professional team. Hence why I'm looking long term.
As all projects are speculative, some priced more than they should be, ADA might be one of those under-priced in the near future.
I might, if the price is right, use some of my BTC to buy cheap ADA. What price is that, near bottom where its heading.
Observation:
On the Daily, it still a bearish down trend and the squeeze is coming towards the bottom for what could be a potential up break, but not anytime soon.
The pattern is bearish, the trend is bearish.
The RSI is operating in the bearish region and the Stochastic RSI is indicating a move to the downside.
Daily 21 EMA still acting resistance. Until this is broken, don't consider a reversal is near.
As all projects are speculative, some priced more than they should be, ADA might be one of those under-priced in the near future.
I might, if the price is right, use some of my BTC to buy cheap ADA. What price is that, near bottom where its heading.
Observation:
On the Daily, it still a bearish down trend and the squeeze is coming towards the bottom for what could be a potential up break, but not anytime soon.
The pattern is bearish, the trend is bearish.
The RSI is operating in the bearish region and the Stochastic RSI is indicating a move to the downside.
Daily 21 EMA still acting resistance. Until this is broken, don't consider a reversal is near.
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for now... its hit support but for how long.
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Adjusted some fib.level and potential patterns
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Chart update:
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
