ADA reached support level and doesn't want to go down. If you look at the chart the price goes down but RSI and MACD go up. But ADA as most altcoins depends on BTC. BTC is reaching its support level at 7000. If it bounce back up, so is ADA. The first resistance at 2920. But this is crypto, very manipulated and anything can happen.
I expect ADA to go down, as we have very clear H&S, to the support line and then bounce back. But we also depend on BTC. BTC wants to go to 7000-6800. If it goes lower (anything can happen), so is ADA.
We seems like breaking up from reversal H&S. We have a resistance at around 8940, then I think will go down to 8650 and then we will see where we go. If we go lower 8650, then it's a bearish.
The chart says the price gonna go down. Pay attention, it's not me, it's chart says. I want to test it, wanna see if the price really will go down. We can be in down trend for like 6-8 months. It may touch 140-135. We'll have some positive news ahead which can drive the price up, but we will see. Would like to hear any ideas, who is agree who is not.
We still in the lower level, i think we gonna stay there for couple weeks, more likely till earnings. We should reverse as we did before around earnings. Plus the company is doing pretty good, revenue is going up, new equipments are being installed.
I'm bullish with this stock. The chart shows that we're about to break up. It might take up to 2 weeks, if we don't have any positive news. The first resistance 2.03 - 2.05. Might stop at 1.85 for a little bit.
