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MrCarstenF

Short term retracement of ADA seems likely

Kort
Cardano / TetherUS (BINANCE:ADAUSDT)  
MrCarstenF Uppdaterad   
BINANCE:ADAUSDT   Cardano / TetherUS
Technical Indicators ADA retracement resistence
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indicator ada retracement resistence
ADA seems short term overbought (RSI), but still with strong long term support by upward sloping MAs (200 EMA has not bottomed and is tilting upward).

Retracement may present good long term buying opportunity.

Not financial advice. Do your own research. Never risk money you cannot afford to loose.
Kommentera:
Retracement in action. 0.072 level is being tested. 0.058 next.

snapshot
Kommentera:
ADA has retraced further to the support level around ~0.06.

Near to buy level based on the RSI. Accumulation could happen hear. If Bitcoin and altcoins starts to correct, ADA could test support ~0.048.

snapshot
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