The price only once tested the level of $0.6 from above after breaking through and continued to rise. The most recent high ADA is $0.98.
An interesting picture is emerging now. At night, the ADAUSD price was shed quite strongly to $0.70, however, buyers bought back the falls and formed a Pinbar at the 12h candlestick. Such a candlestick can be a signal for continued growth. You should closely monitor the price behavior around the level of $0.92
If they can gain a foothold above $0.92, then the way will open for growth to ATH $1.33 However, if sellers activate aggressive selling and do not allow the ADAUSDT price to gain a foothold above $0.92, then we can expect a rather strong fall or correction - at least to $0.60 _____________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
I have been waiting for ADA to present a SERIOUS correction for a while now, but so far it has not really corrected as deeply as I was expecting...
Let's wait and see...
P_S_trade
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@BelowZero, correction must be) especially after such vertical growth)
@BelowZero, well if Bitcoin invalidates bearish case and breaks 50K and goes upwards 55 60 etc in the coming days/weeks, ADA won't be correcting anytime soon and will shoot up alongside BTC and everything else?
@FindTheSun, Of course. You are absolutely right. Ultimately we are all slaves to this sadistic god called BTC and his minions (aka as whales)...
No point in going against God...We just need to sacrifice the occasional virgin here and there and carry on with our business as usual, I suppose...
WhooperSwan
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Thnx! Great chart. The lower timeframe chart looks pretty obvious...