ADAUSD: May Ultimately Find Support Orange Diagonal Trend Line

Hi Everyone! We may continue in this slow bleed down to around $0.81 to $0.85 over the next couple of weeks and briefly find support. I'm saying, "briefly" because we have higher time frames showing fairly high odds for us to ultimately continue down toward the White Lower B-Band that's currently at $0.60 to $0.66.

This is a Near to Mid Term analysis. This analysis is NOT for the scalper.

Happy Trading and Stay Awesome!

David

Comment:

UPDATE:

Diagonal Trend Line Chart:

Macro Group (11-D, 22-D, 23-D, 24-D, 25-D, 26-D, 27-D and 4W):

Long Term Group (8-D, 15-D, 16-D, 17-D, 18-D, 19-D, 20-D, 3-W):

Mid Term Group (4-D, 8-D, 9-D, 10-D, 11-D, 12-D, 13-D, 2-W):

Near Term Group (12-H, 24-H, 2-D, 3-D, 4-D, 5-D, 6-D, 1-W):

Short Term Group (30-m, 60-m, 90-m, 2-H, 3-H, 4-H, 6-H, 8-H):