ADA, To face a strong resistance, We are prepared in advance !
ADA made a new All Time High? does it go Higher? It will face some problems soon.!
ADA is facing a strong resistance zone around 2.6 to 2.85 USD while BTC is facing 51000 resistance. A possible considerable decline may be on the way soon in whole cryptocurrency market .
Mentioned decline may at least push down ADA back to 1.6 to 1.8 USD corresponding to 0.618 and 0.5 Retracemenet Fibonacci levels respectively. More decline may happen but we just simply skip that scenario for now. Should it need any update we can do it later.
Both MACD and RSI indicators show strong bearish divergence with price. This is a considerable bearish warning which is certainly worth to be considered.
We are prepared in advance and never get shocked by the market.
Good luck my friend.
ADA is facing a strong resistance zone around 2.6 to 2.85 USD while BTC is facing 51000 resistance. A possible considerable decline may be on the way soon in whole cryptocurrency market .
Mentioned decline may at least push down ADA back to 1.6 to 1.8 USD corresponding to 0.618 and 0.5 Retracemenet Fibonacci levels respectively. More decline may happen but we just simply skip that scenario for now. Should it need any update we can do it later.
Both MACD and RSI indicators show strong bearish divergence with price. This is a considerable bearish warning which is certainly worth to be considered.
We are prepared in advance and never get shocked by the market.
Good luck my friend.
הערה:
I have to emphasize that we do not go short without any bearish signal in proposed resistance. We always wait for the reaction of market in every proposed support and resistance zone.
הערה:
Lets see how it will face 2.85 resistance. In the case of taking out next resistance is 3.3 to 3.4.
הערה:
ADA is doing great battling the resistance. We never go short without bearish sign. Lets see if it reaches and can defeat next one.!
הערה:
That strong resistance was not a real strong for ADA !
הערה:
BTC is dominating the whole cryptocurrency market once more !.
הערה:
ADA progressed a little bit higher from our prediction and showed a considerable bearish move. Proposed possible buy zone especially 1.8 USD is still valid and is a strong one.
הערה:
ADA is reaching to our predicted buy zone. we are always prepared in advance!