ADA just bounce off the 100 day and 50 day MA.
The 50 day is about to cross the 100 day confirming an uptrend.
The next candle would be a 9. Although you can usually reverse at an 8 anyways.
We are also at the previous low 0.00002930 and did not close below it.
All things lead to a short bounce. But always, place your stop loss below the 50 day if you go long now.
Stay safe, traders!
The 50 day is about to cross the 100 day confirming an uptrend.
The next candle would be a 9. Although you can usually reverse at an 8 anyways.
We are also at the previous low 0.00002930 and did not close below it.
All things lead to a short bounce. But always, place your stop loss below the 50 day if you go long now.
Stay safe, traders!
Comment:
We are bouncing, along with all other coins.