ADA made a new All Time High? does it go Higher? It will face some problems soon.!
ADA is facing a strong resistance zone around 2.6 to 2.85 USD while BTC is facing 51000 resistance. A possible considerable decline may be on the way soon in whole cryptocurrency market .
Mentioned decline may at least push down ADA back to 1.6 to 1.8 USD corresponding to 0.618 and 0.5 Retracemenet Fibonacci levels respectively. More decline may happen but we just simply skip that scenario for now. Should it need any update we can do it later.
Both MACD and RSI indicators show strong bearish divergence with price. This is a considerable bearish warning which is certainly worth to be considered.
We are prepared in advance and never get shocked by the market.
Good luck my friend.
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I have to emphasize that we do not go short without any bearish signal in proposed resistance. We always wait for the reaction of market in every proposed support and resistance zone.
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Lets see how it will face 2.85 resistance. In the case of taking out next resistance is 3.3 to 3.4.
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ADA is doing great battling the resistance. We never go short without bearish sign. Lets see if it reaches and can defeat next one.!
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That strong resistance was not a real strong for ADA !
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BTC is dominating the whole cryptocurrency market once more !.
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ADA progressed a little bit higher from our prediction and showed a considerable bearish move. Proposed possible buy zone especially 1.8 USD is still valid and is a strong one.
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ADA is reaching to our predicted buy zone. we are always prepared in advance!
how do you know strong resistance ADA 2. 6 to 2,85, no chart before that , BTC is facing 51k resistance is ok . but ADA no .
I think strong resistance for ADA is 3.0 USD because market physhology
SaeedSajedi
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@McDuck1818, It is formed by cluster of fibonacci levels. 1.272 extension of last major correction. 1.618 -2 extension of last minor correction. 0.618 to 0.786 projection of possible w1-3. I have to emphasize that do not go short without any bearish sign in proposed resistance.
SaeedSajedi
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@McDuck1818, I should have wrote them on the chart or explained them in the text. Thanks for the point my friend.
SaeedSajedi
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@McDuck1818, If it breaks this resistance zone next important one is 3.3 to 3.4
You can't say there is a strong resistance when Ada just starts going into Price Discovery.. We just don't know what will happen.
SaeedSajedi
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@epnick, We are free to say our opinion my friend. Thats how I see the ADA. It may goes higher to 3.32 resistance but it has to take this resistance out first.
I suggest that general trend of ADA is UP but it still needs a correction to go higher. This mentioned strong is of course strong but it does not mean ADA can not defeat it for sure. We have to watch carefully. If succesful we watch how it reacts in next resistance.
SaeedSajedi
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@epnick, We can predict resistances by cluster of fibonacci levels my firend..we have to prepared in advance.
I think strong resistance for ADA is 3.0 USD because market physhology