Possible down trend for ADA
Here I have put some further analysis to my previous ideas regarding Cardano.
I believe the coin has a lot of technical strengths, however the trade volumes and RSI indicators do not show the market as being very strong. At this point I want to say that the market will fall to lower levels.
If the trend continues we may see ADA hit 2900sats as early as midnight tonight (GMT+10) or 2pm GMT on 22/04/10 or 24hrs after that on the upper trend side. You can see the Fib levels at which we have resistance and support. If we breach lower than 3050sats then I believe our next support will be 2800sats.
Failing that an upward break out may occur between now and 8pm 22/04/18 (GMT+10) or 10am GMT 22/04/18.
Either way presents opportunities for investors. Please set you buys and stop losses according to your own understandings.
I believe the coin has a lot of technical strengths, however the trade volumes and RSI indicators do not show the market as being very strong. At this point I want to say that the market will fall to lower levels.
If the trend continues we may see ADA hit 2900sats as early as midnight tonight (GMT+10) or 2pm GMT on 22/04/10 or 24hrs after that on the upper trend side. You can see the Fib levels at which we have resistance and support. If we breach lower than 3050sats then I believe our next support will be 2800sats.
Failing that an upward break out may occur between now and 8pm 22/04/18 (GMT+10) or 10am GMT 22/04/18.
Either way presents opportunities for investors. Please set you buys and stop losses according to your own understandings.
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