ADA in downtrend for last 190 days and it seems it is breaking out of the descending channel.
We had expected a pump from 0.8 which was the untested low.
Analysis
The blue line is a trendline which is acting as great resistance and its from ATH
The green line acting as support line
The red line is the line which act as breakout resistance
History shows us there is 2 previous false breakout on ADA
Also 21 and 100 weekly moving average are also acting is resistance.
As it seems there are so many resistance factor on the chart so its safe to assume this another fake breakout and lets wait for a successful retest of the trendline.
Bình luận
Exactly happened as plotted fall from the 21 weekly moving average.
Bình luận
Reaching untested low if BTC stay strong or sideways we see a decent bounce
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