Hello friends!
As expected, yesterday 1.50 was tested, and after breaking prices fell further. ADA established a bit of support around 1.45.
The next 48-72 hours are an interesting mix of downward momentum with certain indicators rising. It is quite possible that a rally happen in next 3-5 days, bringing prices towards 1.81.
In particular, green EMA has stopped falling in 12H, 2D, and 3D charts while white EMA is rising towards level 50 or has started to cross above. This puts into play prices at the upper white B-band in the 3D, or 1.81. Sufficient momentum could push prices to 1.88, as was seen on June 3.
Note that there is still a non-trivial risk of further consolidation as indicated in the new 4D chart. Prices moving above 1.50 and holding will be necessary to avoid further consolidation.
Intraday
Summary: Narrow range of prices (1.42-1.47) likely
3H - The day is likely to start down, testing 1.45, however, prices may not go much lower with the green EMA and LSMA flat while the white EMA is rising towards level 50.
6H - LSMA and RSI are slightly down, but mostly flat, while green EMA is well below white EMA, suggesting new lows. White EMA is weak, and with RSI and LSMA flat, prices may not fall much below the lower aqua B-band (1.45)
12H - In the first half of the day prices could descend to the lower aqua B-band (1.43), but look mostly flat around the lower white B-band (1.47). White EMA is rising, and could come above level 50 within 2-3 candles, leading to a rally.
1D - The overall daily picture suggests that prices will fall towards the lower aqua B-band (1.42). Green EMA is lower than white EMA, which typically leads to lower lows, but white EMA is weak and may not support prices much lower, particularly because RSI and LSMA are mostly flat.
Next 48-72 Hours
Summary: Bullish indicators in 2D, 3D charts suggest rally to 1.60, then 1.81 in next candles, but consolidation risk remains in 4D
2D (new - 2 days left) - White EMA has crossed above level 50 while green EMA has remained above the RSI, signalling upward momentum has taken control. RSI has not bottomed out, which may limit price upside in the next 48 hours. Prices may not reach higher than 1.60 in the current candle. LSMA appears to be bottoming out. If LSMA rises in the next candle, price ranges would widen with the expanding B-bands, allowing for more upside
3D (new - 3 days left) - Green EMA has crossed both level 50 and RSI. If the candle closes at or above these levels, prices are likely to go to the yellow basis (1.58) or a bit higher. White EMA is close to crossing above level 50. LSMA and RSI remain around level 50, which will limit price upside in the current candle, but allow prices in the next candle to go to the upper white B-band (1.81)
4D (new - 4 days left) - RSI and LSMA are at level 50 and descending. Green EMA is higher than white EMA, and both are slowing their descent. If prices move above 1.50 and hold, green EMA could flatten or start to rise. If not, downward momentum could push prices towards the lower white B-band (1.25).
Good luck and good fortune!
As expected, yesterday 1.50 was tested, and after breaking prices fell further. ADA established a bit of support around 1.45.
The next 48-72 hours are an interesting mix of downward momentum with certain indicators rising. It is quite possible that a rally happen in next 3-5 days, bringing prices towards 1.81.
In particular, green EMA has stopped falling in 12H, 2D, and 3D charts while white EMA is rising towards level 50 or has started to cross above. This puts into play prices at the upper white B-band in the 3D, or 1.81. Sufficient momentum could push prices to 1.88, as was seen on June 3.
Note that there is still a non-trivial risk of further consolidation as indicated in the new 4D chart. Prices moving above 1.50 and holding will be necessary to avoid further consolidation.
Intraday
Summary: Narrow range of prices (1.42-1.47) likely
3H - The day is likely to start down, testing 1.45, however, prices may not go much lower with the green EMA and LSMA flat while the white EMA is rising towards level 50.
6H - LSMA and RSI are slightly down, but mostly flat, while green EMA is well below white EMA, suggesting new lows. White EMA is weak, and with RSI and LSMA flat, prices may not fall much below the lower aqua B-band (1.45)
12H - In the first half of the day prices could descend to the lower aqua B-band (1.43), but look mostly flat around the lower white B-band (1.47). White EMA is rising, and could come above level 50 within 2-3 candles, leading to a rally.
1D - The overall daily picture suggests that prices will fall towards the lower aqua B-band (1.42). Green EMA is lower than white EMA, which typically leads to lower lows, but white EMA is weak and may not support prices much lower, particularly because RSI and LSMA are mostly flat.
Next 48-72 Hours
Summary: Bullish indicators in 2D, 3D charts suggest rally to 1.60, then 1.81 in next candles, but consolidation risk remains in 4D
2D (new - 2 days left) - White EMA has crossed above level 50 while green EMA has remained above the RSI, signalling upward momentum has taken control. RSI has not bottomed out, which may limit price upside in the next 48 hours. Prices may not reach higher than 1.60 in the current candle. LSMA appears to be bottoming out. If LSMA rises in the next candle, price ranges would widen with the expanding B-bands, allowing for more upside
3D (new - 3 days left) - Green EMA has crossed both level 50 and RSI. If the candle closes at or above these levels, prices are likely to go to the yellow basis (1.58) or a bit higher. White EMA is close to crossing above level 50. LSMA and RSI remain around level 50, which will limit price upside in the current candle, but allow prices in the next candle to go to the upper white B-band (1.81)
4D (new - 4 days left) - RSI and LSMA are at level 50 and descending. Green EMA is higher than white EMA, and both are slowing their descent. If prices move above 1.50 and hold, green EMA could flatten or start to rise. If not, downward momentum could push prices towards the lower white B-band (1.25).
Good luck and good fortune!