Hi guys. Notice situation at ADA/BTC market. Daily RSI is showing that soon big spike up is coming. We are seeing big support at around 0,00001050. Price have been bouncing from this support 3 times and its coming to it again. I do expect bounce back to at least lvl 0,00001900 from this point. We have to wait till MACD will cross with daily RSI on about 15-17 lvl. All we need to do is just wait for confirmation on MACD. Of course its short time strategy (about 2 weeks or 1 month). Sell around 0,000020 if MACD will be confirmed. Shelley will be released soon too so it may have an very positive impact on the price too.
Greets.
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Hi guys. It seems like temporary support is broken and ADA is ignoring extremely low daily RSI. If we look at weekly chart we can see that MACD is really close to death cross MACD. So keep ur eyes on next 2 daily candles. If weekly MACD death cross will be confirmed, and next 2 daily candles will be red it might be STRONG BEARISH signal. BTC is really strong now and it broke 6400 major resistance first time from a while, so it may have an impact on ADA/BTC market also. We have to wait next 2-3 days and see what chart will say.