ADA: Upward Pressure Diminished for at Least a Couple Days

Hi Everyone! It appears upward pressure has subsided (diminished) for at least a couple of days. Could be longer. It also looks like we could see the price action slowly fall down toward $0.3050 to $0.3250 over the next couple of days. What the price action does after the next couple of days remains to be seen. Let's wait for at least a day and a half to pass to see what the indicators look like before drawing a conclusion if we could fall lower than $0.3050.

Happy Trading and Stay Awesome, Everyone!

David

Here is the Daily (24h):

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UPDATE:

Remember, it is POSSIBLE for the price action to find support at the Magenta Upper B-Band in the Daily (24h) time frame. Which would be around $0.3250. But can over-extend down toward the Yellow B-Band Basis in the Daily; around $0.3150. I posted the Daily (24h) above in the description.

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UPDATE:

The Red Line in this 1-hour time frame is too low below Yellow Level 50 to justify the price action rising up from the Yellow B-Band Basis in this 1-hour time frame. So, if we do go up to the B-Band Basis in the 1-hour, I would anticipate a pullback.

Here's the 1-hour:

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UPDATE:

Still a decent chance for this to come down just a little bit more.