ADA might still come down or go sideways for a few weeks I think
Hi,
I want to share my thoughts on ADA. I see a down trend/sideways trend which seems the same as august 2020. If you look at the chart you can see the 1w and 2w in which I compare the current position with that of august 2020. Although I don't believe the indicators will go down as far as august, I do believe we could see the down/sideways action till 1st maybe even 2nd week of april.
Because I only trade big positions with clear indicator signs I personally will let this 'noise' pass by till the indicators show price going up again.
I do believe there is some buying pressure left for the ADA-market and think it will resume going up after this phase.
What are your thoughts on this matter?
Note: I see this same pattern for the indicators and trend breaking for ETH and LINK.
These are my thoughts, please have your own ;)
(Indicators with thanks to David (Wyckeoffmode). )
I want to share my thoughts on ADA. I see a down trend/sideways trend which seems the same as august 2020. If you look at the chart you can see the 1w and 2w in which I compare the current position with that of august 2020. Although I don't believe the indicators will go down as far as august, I do believe we could see the down/sideways action till 1st maybe even 2nd week of april.
Because I only trade big positions with clear indicator signs I personally will let this 'noise' pass by till the indicators show price going up again.
I do believe there is some buying pressure left for the ADA-market and think it will resume going up after this phase.
What are your thoughts on this matter?
Note: I see this same pattern for the indicators and trend breaking for ETH and LINK.
These are my thoughts, please have your own ;)
(Indicators with thanks to David (Wyckeoffmode). )