Detective_Conan

ADAUSD testing support. Could this be our trend reversal?

BINANCE:ADAUSD   Cardano
We may be making support @.618 of our fib retracement. But ultimately we have to see how the market reacts to 21 EMA. If 21 EMA becomes strong resistance until we eventually get a bearish crossover with our 21 EMA and 81 EMA, this would be signal for a trend reversal. As of right now we are testing lower support, and possibly lower highs. Another scenario is we range sideways between 0.786 and 0.618 fib retracement before we figure out what the next move will be. And our bullish scenario would be we make support here at 0.618 and make it above 0.786.

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