$ADA is down 7.4% in 24h and still up 15.60% on the week. i'm treating the drop as a dip inside an uptrend, not the end of it.
it's running 6.7 points ahead of bitcoin over 7d and 6.0 points ahead over 30d. the daily 20 is still above the 50, RSI sits at 59 and the MACD histogram is positive. volume over the last 5 days is 1.33x the 20 days before it. none of that looks like a coin that's done.
the screener scores it 7 out of 14. that's a decent setup, not a perfect one, and I'm not dressing it up as more. the room above runs to the 10-day swing high at $0.2623, which is 12.0% from here.
$ADA trades at $0.2338 right now. if it holds yesterday's low at $0.2334, i think it pushes back toward $0.2623. if it loses $0.2334, i'm wrong on this and there's nothing to defend. anyone long is then holding a dip that turned into a breakdown.
holding $0.2334 or losing it?
follow me for more calls like this.
it's running 6.7 points ahead of bitcoin over 7d and 6.0 points ahead over 30d. the daily 20 is still above the 50, RSI sits at 59 and the MACD histogram is positive. volume over the last 5 days is 1.33x the 20 days before it. none of that looks like a coin that's done.
the screener scores it 7 out of 14. that's a decent setup, not a perfect one, and I'm not dressing it up as more. the room above runs to the 10-day swing high at $0.2623, which is 12.0% from here.
$ADA trades at $0.2338 right now. if it holds yesterday's low at $0.2334, i think it pushes back toward $0.2623. if it loses $0.2334, i'm wrong on this and there's nothing to defend. anyone long is then holding a dip that turned into a breakdown.
holding $0.2334 or losing it?
follow me for more calls like this.
