I can see ADA falling to the next support at around 0.063 - 0.065 if there is still no positive catalyst for ADA. I would believe something like the full release of the Shelley update or Coinbase listing would reverse the trend.
2 bearish wedges formed during consolidation in a longer term descending triangle. Price action was driven down further after breakdown of both bearish wedges. Supports/buy zone ranges between $2.9 and 3.2.
Watching this one closely. If support is rejected, I expect price to drop to the next support level at around 6 cents. I am holding my stop loss at 0.075 if there is no bounce. A bounce off current support would eventually increase price to 0.10 or 0.12 levels.
ADA looks in consolidation as .07 and .08 are strong supports now. It is my prediction .08 will hold and the eventual ascending trend of the triangle will catch up leading to a break out after a few more tests at around .095. Releases of Shelly and a possible Coinbase listing (if we ever get there) would launch Cardano above resistances.
ACB obviously bounced off $8.75 and $8.50 and has been in consolidation above the $8.75 line for about a week. Multiple bounces between $8.90 and $8.75 this past week, so we can establish this as our supply zone. Looks like a healthy consolidation to me. Will expect a gradual move up to $10 where resistance will be met again.
Going back to my chart from March 26, looks things (pretty much) held up according to the graph, except with that blip with the selloff bouncing off the bottom of the downtrend channel on March 28th. I believe we have established our strong supports at $8.50 and $8.75 and expect likely moderate bullish growth until we hit $10 - where we'll expect another...
Obviously in a downtrend channel. A break below the bounce point of $8.75 would likely head to $8. A break outside the downtrend channel would re-confirm bullish pressure.
Same thing after Mt. Gox, same thing now.
Support around 7.5 has been holding up and we've been seeing a continuation off the fib bounce.
My first TA. My ideas on current trends: We're stuck between short and mid term ascending triangles. A break below the short term ascending triangle will keep us range bound in the low. A break above will move us to the mid with historical resistance line 1 acting as our first resistance. A break above that should bring us to historical resistance line 2.