Browb22

ADAUSDT (Daily analysis)

Long
BINANCE:ADAUSDT   Cardano / TetherUS
I just want to give a quick update on my latest ADAUSDT post. That strong resistance there(Red line) has definitely become support (Around .13300) RSI shows that it's not overbought or oversold which is good. The 10 day, 20 day, 50 day, 100 and 200 day simple moving averages are all currently beneath the price on a 1 day chart (with the 10 day SMA just barely touching and acting as a support.) Which is another good bullish sign. I'm still long! I feel like if the price does cross below those moving averages it may indicate a possible trend reversal. I don't see a big drop happening today. This is a daily analysis and tomorrow may be a different story.
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