ADA seems to be a little tired, I could see it drop to 2.40 easy before it goes up again from fundamentals. We'll see, that RSI dipped much further these past months than I thought it would. Shot my shot, let's see.
Comment:
Looks like we are almost reset on the rsi and in a pennant. I keep it simple here, I just saw a good dip was coming and we settled out around 2.40. I expect to fill some of the wick down on the way back up to get some fuel towards $2.00. I'm just using basic support areas to guide my way through this market, previous resistance. 30% dips are normal and I dont know if I'd consider this a real 30% considering it just wicked down super fast. Bullish! I'll be holding through a shake out.