ADA reversal path factors?

Cardano / BitcoinBinance

Description

⋅ Jan 16, 2022 2:03 PM

ADA reversal has been waited for a long time. What could be the factors that drive ADA back to higher support bands?

Short-term indicators show potential but long-term, lagging indicators are more bearish.
There could be a new correction and then up unless strong enough momentum to get us past the resistance levels.

No financial advice.

Wave Analysis ADA

Comments

ppip

⋅ Jan 17, 2022 12:40 PM

This is mental

hhhhhhhhh9

⋅ Jan 17, 2022 12:44 PM

@ppip, What do you mean?

Short term indicators such chain analytics, short term RSIs are bullish while long-term indicators (liable to lagging) have bearish signs.

Breakout, reversal, may be occuring now or later. We have had a long-term accumulation and sooner-or-later it will end.

Currently forming a new higher high which is a bullish indicator, watch closely to RSIs and volume whether this can be sustained.

ADA has history of lagging in lower fibanacci bands so if history repeats itself, we may get multiple reversals before up again, strongly.

Over 1M ADA whales are accumulating now.