ADA: SHOULD WE WORRY?
Hey guys, this is Julie 😄
Let's talk about ADA today:
ADA is falling more than 6% today, should we worry about that?
Honestly, I don't see any reason to worry, ADA is just in the 21 EMA region and today seems to be a red day for some cryptos as well, so it seems like a normal movement, I don't think it will fall again.
As I said in my last analysis, it is very unlikely that ADA will trigger another downtrend because we have some interesting support levels holding it:
Fibonacci 61.8%
Green line support
- I must say that I would be worried if ADA fell below the green line, but even if that happened, we would have the pink line support level (but it is VERY unlikely that ADA will reach that price).
As I always say, I believe in ADA and I really think it will fly again; we just need some time for it to regain its strength.
I am more interested in ADA's weekly chart, so let's wait and see how this chart plays out by the weekend.
Thanks for reading!
Follow me and like this idea, please! 😊
Have a nice day, bye!
Let's talk about ADA today:
ADA is falling more than 6% today, should we worry about that?
Honestly, I don't see any reason to worry, ADA is just in the 21 EMA region and today seems to be a red day for some cryptos as well, so it seems like a normal movement, I don't think it will fall again.
As I said in my last analysis, it is very unlikely that ADA will trigger another downtrend because we have some interesting support levels holding it:
Fibonacci 61.8%
Green line support
- I must say that I would be worried if ADA fell below the green line, but even if that happened, we would have the pink line support level (but it is VERY unlikely that ADA will reach that price).
As I always say, I believe in ADA and I really think it will fly again; we just need some time for it to regain its strength.
I am more interested in ADA's weekly chart, so let's wait and see how this chart plays out by the weekend.
Thanks for reading!
Follow me and like this idea, please! 😊
Have a nice day, bye!
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