As we have continued to update in the past days, we have seen the break of the longterm resistance (red) and the midterm resistance at 907 sats. The last was triggered by the second green candle after a succeful test and holding of the now new support at 907 sats. The first one got a succeful breakout on the second green candle of the weekly.
We were playing the monthly since the beginning of the move in May and now we are looking to test the ema 26 arround 1273 sats.
Remember, we still have 27 days to do it, but the ADA/usdt is very close to the resistance at 0.10600$.
It's very likely to see that resistance to break in the coming days or next week.
Monthly USDT resistance at 0.1107$
RSI is the only indicator overextended right now under 80 and the 3D is a little over 80. So we may expect a move in 4 or 5 days to cool it off around 1000 sats and on the usdt side we still have a lot of room. It looks like we will have a small bounce on the support at btc dominance and bitcoin will move up in the 9500 $ area.
Be aware this is just an analysis
We were playing the monthly since the beginning of the move in May and now we are looking to test the ema 26 arround 1273 sats.
Remember, we still have 27 days to do it, but the ADA/usdt is very close to the resistance at 0.10600$.
It's very likely to see that resistance to break in the coming days or next week.
Monthly USDT resistance at 0.1107$
RSI is the only indicator overextended right now under 80 and the 3D is a little over 80. So we may expect a move in 4 or 5 days to cool it off around 1000 sats and on the usdt side we still have a lot of room. It looks like we will have a small bounce on the support at btc dominance and bitcoin will move up in the 9500 $ area.
Be aware this is just an analysis
Trade active:
I was about to post yesterday the breakout at the 4 hrs but I saw that we are in a bull flag, and we have been rejected by the resistance.
At 8 P.M. today we will see a move apparently upward unless we lose the EMA's at 1295 and 1272 sats. In that case we will go to the bottom of the flag.
At 8 P.M. today we will see a move apparently upward unless we lose the EMA's at 1295 and 1272 sats. In that case we will go to the bottom of the flag.
Trade active:
The bull flag didn't worked mostly because of the big extension of the rsi at the 3D. We are cooling it off until saturday night at the daily close.
