Short term retracement of ADA seems likely Short

Cardano / TetherUSBinance

Description

⋅ Apr 8, 2019 7:37 AM

ADA seems short term overbought (RSI), but still with strong long term support by upward sloping MAs (200 EMA has not bottomed and is tilting upward).

Retracement may present good long term buying opportunity.

Not financial advice. Do your own research. Never risk money you cannot afford to loose.

Comment

⋅ Apr 24, 2019 9:50 AM

Retracement in action. 0.072 level is being tested. 0.058 next.

Comment

⋅ May 9, 2019 4:37 PM

ADA has retraced further to the support level around ~0.06.

Near to buy level based on the RSI. Accumulation could happen hear. If Bitcoin and altcoins starts to correct, ADA could test support ~0.048.

Comments

MrCarstenF

⋅ Apr 8, 2019 11:30 AM

Retracement is now happening like clock work. The patient buyer may get a chance for cheap ADA below 0.06