ADAUSDT 6/8/2021

Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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A continuation TA on TA last May 19, 2021.

Other TAs, I made this June

Bitcoin

Chain Link

Ethereum Classic

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Elliot Wave
Potentially, ADAUSD is now on Declining Phase. I know that $ 1.4880 and $ 1.000 are very strong supports in case of selloff came again. But in case $ 1.000 is broken, price may find support at 38.20% Fibonacci and followed by supports at 50.00% and 61.80%. The monthly support is at $ 0.1973 (I think, it’s least likely to reach this price – in case the trend line is broken). 38.20% is the most logical support as there is a trend line also supporting.

Monthly
Needs some pullback to Moving Averages.

Weekly
Bearish Divergence on RSI, MACD & Stoch RSI.

Daily
Bearish Convergence on RSI, MACD & Stoch RSI.

4HR
In the Chart.

1HR
In the Chart.

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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT

Comment:

Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Update

Elliot Wave
If 23.60% Fibonacci at $ 1.0847 and $ 1.00 is broken, likely to go to 38.20% Fibonacci at $ 0.6520. The trend line potentially makes a support.

Before

After

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Weekly
Prolong selling pressure.

Before

After

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Daily
Watch out EMA 9 & MA 200 bearish crossover. More selloff likely.

Before

After

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4HR & 1HR

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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT