ADA is completing a possible Head and shoulders, or cup and handle formation. Price is expected to drop down aprox. -7% to the level shown in the chart. After that if the pattern is complete we will start a new study.
you mean overbought... at least use the correct word. and its only overbought on low timeframes
BARSTrading
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@Gunslinger2005, Ah yes, I don't know why I wrote oversold. Honest mistake. And our RSI parameters are set up differently, so for me it's oversold even on larger timeframes.