ADA/USD - Ranged action, Risk of dip to 1.20, Bullish June end
Hello friends!
In this video I look at ADA/USD from today through the next 12 days.
Summary:
Good luck and good fortune!
In this video I look at ADA/USD from today through the next 12 days.
Summary:
- Today - Continued range-bound action similar to yesterday, but with a test of 1.60 or 1.55 likely
- Next several days - More sideways action with downward bias sooner turning upward bias possible later
- 6D chart suggests upward bias that could take prices back to 1.80 region
- However, 9D chart shows significant risk of a temporary selloff that could bring prices to 1.20 or 1.15 if 1.34 is broken, however low prices are not likely to last long
- 13D chart suggests that white EMA could break above level 50 in the third week of June (sooner is prices rally before then), which could bring prices back above 2.00 and test the ATH
Good luck and good fortune!
