ADABTC
I noticed some peculiar things going on with alts, and how they can maybe tell us what ADA is about to do next.
First, XRP
Next XLM
Finally, LINK
I've noticed all of them bounce off near or at the 38 retracement level, and bump up almost to the 61 level or above it. Could ADA do the same?
Then this,
BTC December 17
ADA December 17
BTC just bleeds on, while ADA is just getting started. On Bitcoin's lowest point, 6000, ADA just kept bleeding, while BTC got straight back up.
Bitcoin seems to be about to fall again, will ADA do the opposite? Will it bounce off the 38 fib level like the other alts?
What indicators are saying
RSI-Oversold and waves moving upwards.
Volume-Increasing buy volume
EMA-Short ones are trying to turn upwards.
Bollinger Bands-Price has been on the bottom half of the bands for more than usual.
Price action
3 hanging men have been spotted in the last 5 candles.
We may break the 38 level a little more before going pumping back up.
Target is the red dot, above 5000.