Chart asked from a Vip member
what its going with ADA?
in 28th JAN. we can se a DEATH CROSS!
what its this?
"A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level."
Its a SELL signal, since DEATH CROSS ADA down 42% in value!
what its next?
we are between old uptrend line and strong downtrend line, ADA breakdown support (0.618 FIB level) and its going to 0.786 this green box its last hope for ADA if breakdown this area probably will make a 100% retrace
But RSI its SOOO MUCH oversold so maybe JUST maybe ADA can start a run from this point reversing this RSI in RED line and breaking downtrend line, its really hard to happen but have a little chance.
NOT A SIGNAL just an EDUCATION ANALYSIS!
what its going with ADA?
in 28th JAN. we can se a DEATH CROSS!
what its this?
"A death cross is a crossover resulting from a security's long-term moving average breaking above its short-term moving average or support level."
Its a SELL signal, since DEATH CROSS ADA down 42% in value!
what its next?
we are between old uptrend line and strong downtrend line, ADA breakdown support (0.618 FIB level) and its going to 0.786 this green box its last hope for ADA if breakdown this area probably will make a 100% retrace
But RSI its SOOO MUCH oversold so maybe JUST maybe ADA can start a run from this point reversing this RSI in RED line and breaking downtrend line, its really hard to happen but have a little chance.
NOT A SIGNAL just an EDUCATION ANALYSIS!
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