Let's see how ADA is behaving.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price has been pumping, and now the next resistance is the shadows, so I don't see it going higher for now.
The market is showing BUY volumes for ADA.
Two resistance levels push down on value, and two support levels hold the price high and show strength.
The Middle Bollinger Band can support the value and help it go back up in any sudden drops.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that ADA is above the 70 levels. This means that this coin is in its most oversold market situation. So watch out.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $1.566
Let me know your ideas.
Good luck.
This is a 1H chart. (Valid for 24 hours)
The Fib retracement shows that the price has been pumping, and now the next resistance is the shadows, so I don't see it going higher for now.
The market is showing BUY volumes for ADA.
Two resistance levels push down on value, and two support levels hold the price high and show strength.
The Middle Bollinger Band can support the value and help it go back up in any sudden drops.
If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point.
The RSI shows that ADA is above the 70 levels. This means that this coin is in its most oversold market situation. So watch out.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $1.566
Let me know your ideas.
Good luck.