ADA ANALYSIS:
ADA is sitting on a red daily wick just above the 200MA after bounce off it at 506 sats. I expect this to hold, as RSI and Stoch both dipped well into oversold territory. Sellers should exhaust nearing low 500 sat levels, im specifically looking for the volume on sell end to decrease. A did below 200MA would be a full drawback to major support near Mid 450 sat levels. Given 200MA Does hold here, look for the push to T1 at 100MA of 531 sats, T2 at 564 sats, and finally T3 at 598. This is a long term outlook, do not expect targets to be hit overnight. The selloff was severe recently, so we have to confirm a green daily wick hold before we can successfully push UP.
Possible Entries: 515-519 sats
ADA is sitting on a red daily wick just above the 200MA after bounce off it at 506 sats. I expect this to hold, as RSI and Stoch both dipped well into oversold territory. Sellers should exhaust nearing low 500 sat levels, im specifically looking for the volume on sell end to decrease. A did below 200MA would be a full drawback to major support near Mid 450 sat levels. Given 200MA Does hold here, look for the push to T1 at 100MA of 531 sats, T2 at 564 sats, and finally T3 at 598. This is a long term outlook, do not expect targets to be hit overnight. The selloff was severe recently, so we have to confirm a green daily wick hold before we can successfully push UP.
Possible Entries: 515-519 sats