- Yellow line is a downtrend line that set from may 2018 toward recent high on April 2019, this might as well be a clue whether if price action could break that down trendline will be a good early sign for bullish trend awakening, conversely, being rejected by this downtrendline could result a continuous sign for longer bear trend.
- ADA/BTC is on critical point which it must be hold at 900 satoshi. See the projection of the price whether in the future ADA/BTC could hold or not.
- While in short term, i believe there will be an attempt to bounce above the fibonacci resistance on 910 because indicators mostly on oversold area.
Indicators :
- MACD : macd line is already made a lower high despite the price action is managed to made a lower low (bullish divergence). seller histogram is slowly decrease as for now.
- DMI : Trends overall still bearish but -DI (seller pressure) is begin to go lower and +DI (buyer pressure) is begin to go slight higher. ADX (momentum strength) is still low for now.
- Stochastic RSI : stochastic RSI is on bottom level and start to rising at least on a short term,.
_Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace._
- ADA/BTC is on critical point which it must be hold at 900 satoshi. See the projection of the price whether in the future ADA/BTC could hold or not.
- While in short term, i believe there will be an attempt to bounce above the fibonacci resistance on 910 because indicators mostly on oversold area.
Indicators :
- MACD : macd line is already made a lower high despite the price action is managed to made a lower low (bullish divergence). seller histogram is slowly decrease as for now.
- DMI : Trends overall still bearish but -DI (seller pressure) is begin to go lower and +DI (buyer pressure) is begin to go slight higher. ADX (momentum strength) is still low for now.
- Stochastic RSI : stochastic RSI is on bottom level and start to rising at least on a short term,.
_Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace._