Hi Guys
Just a quick look into ADA Daily -4h Charts
ADA Still moving below the 50MA , This was rejected again back on the 17th/02
RSI is not in the over sold area but seems that bears are in control of the price. "look at volume levels" Also pressure from BTC. I recommend keeping a close look to the daily to not close below $0.9 as this could confirm a down drop further to the $0.8 zone.
If we manage to go back up the 0.236 Fib and confirm this as support we could start seeing a reversal trend.
ALWAYS look for extra confirmation on any trade
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Just a quick look into ADA Daily -4h Charts
ADA Still moving below the 50MA , This was rejected again back on the 17th/02
RSI is not in the over sold area but seems that bears are in control of the price. "look at volume levels" Also pressure from BTC. I recommend keeping a close look to the daily to not close below $0.9 as this could confirm a down drop further to the $0.8 zone.
If we manage to go back up the 0.236 Fib and confirm this as support we could start seeing a reversal trend.
ALWAYS look for extra confirmation on any trade
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
