as the weeks go by i am getting more optimistic with certain crypto. anyways am look at this moving higher this coming week
ADA looks like its going through the path of continuing to fall as it crossed 2 support lines and touched them shortly after. Unlike BTC, BCH or ETH there its more likely to see another fall until a reversal. Let me know if you think ADA is different to other altcoins
Cadrano (ADA) is closing to an area to decide the direction for the next week. In the wake of BTC news, looks more plausible to go short, but markets can be unpredictable.
Both Moving have always acted as strong supporters and resisters. Given that the price is now moving closer to the moves and the middle channel, we have to wait and see. It should be seen which side is broken. To make a deal, decide with you:)
Cardano complied to the Lower High scenario of the Higher resisting trendline (seen in yellow) and made a Higher Low near 0.24000. Now the underlying bearish trend of the 1D Channel Down (RSI = 43.365, ADX = 35.936) will push for a Lower Low and our target is 0.1443. Eventually a test of the 1W support = 0.1217 has to take place.
ADAUSD Break the Trend line for bullish move.
Cardano (ADAUSD) is on a standard 4H Channel Down pattern (RSI 37.879, MACD = -0.010. B/BP = -0.0194) that is now consolidating (Highs/Lows = 0, STOCH = 48.465) the absence of a Lower High. The next Lower Low and our TP is 0.121695, with an extreme extension (based on the previous bearish Fibonacci sequence) at 0.107614. Medium term buyers are advised to start...