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Cardano(ADA): In Overbought Zone

Short
ADAUSDT Perpetual Contract (BYBIT:ADAUSDT.P)  
SwallowPremium Updated   
BYBIT:ADAUSDT.P   ADAUSDT Perpetual Contract
Trend Analysis Chart Patterns Technical Indicators bollingerbandstrategy
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trendanalysis chartpattern indicator bollingerbandstrategy
ADA caught our attention here, where it is pushing and pushing the limits of Bollinger Bands.

As we see a great chance of seeing the price move to lower zones anytime soon, we are monitoring the coin for any potential sharp squeezes.

Overall, we are looking for that 100 EMA zone to be reached here!

Swallow Team
Comment:
snapshot
Price touched that upper zone on the daily timeframe from where we had a really hard rejection!

We are looking now for prices to reach that low rent zone and eventually enter with a potential nice short movement!
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