Hi everyone,
Hope your well.
Please see my first crypto chart analysis for Cardano ( ADA ) on the 4H timeframe.
As you can see from the chart price has rallied back up to a previous high where price was rejected.
Price on the RSI is sitting in the overbought area significantly currently showing an 85 reading which could be a sign price is about to reverse to the downside.
With price being at the previous high which acted as resistance and with the RSI showing the levels it is I would add this to your watchlist and look onto the 1H timeframe for potential entry candles.
Any likes and comments would be appreciated.
DWFX
Hope your well.
Please see my first crypto chart analysis for Cardano ( ADA ) on the 4H timeframe.
As you can see from the chart price has rallied back up to a previous high where price was rejected.
Price on the RSI is sitting in the overbought area significantly currently showing an 85 reading which could be a sign price is about to reverse to the downside.
With price being at the previous high which acted as resistance and with the RSI showing the levels it is I would add this to your watchlist and look onto the 1H timeframe for potential entry candles.
Any likes and comments would be appreciated.
DWFX