$ADA 0.2500$ down -3.12% below resistance 0.2650$ rejected 3 times and RSI 38.5.. Is a test of 0.2430$ coming? 🔻"*
1. *Descending Trendline (bearish):* Price is making lower highs from 0.2920$ up to now — every bounce is rejected at the bearish white line
2. *CURRENT 0.2500$:* Below the 0.2650$ resistance that was rejected 3 times — approaching support 0.2430$
3. *Red volume:* Red volume bars increase during the drop = selling pressure
4. *RSI 38.5 near oversold:* There is still room for downside before oversold; MACD is negative
$ADA
- *Entry:* 0.2535$ after confirmation — or a retest of 0.2500$
- *Stop loss:*
- SL1: 0.2500$ the new support (broken resistance)
- SL2: 0.2380$ strong support (-6.1%)
- *Targets:*
- *TP1:* 0.2600$ (desired)
- *TP2:* 0.2700$ (+6.5%) main target
- *TP3:* 0.2850$
- *TP4:* 0.3000$
- *TP5:* 0.3200$ extended
Break with 312M$ volume + RSI 62.3 still room + MACD bullish cross = Buy Signal.
1. *Descending Trendline (bearish):* Price is making lower highs from 0.2920$ up to now — every bounce is rejected at the bearish white line
2. *CURRENT 0.2500$:* Below the 0.2650$ resistance that was rejected 3 times — approaching support 0.2430$
3. *Red volume:* Red volume bars increase during the drop = selling pressure
4. *RSI 38.5 near oversold:* There is still room for downside before oversold; MACD is negative
$ADA
- *Entry:* 0.2535$ after confirmation — or a retest of 0.2500$
- *Stop loss:*
- SL1: 0.2500$ the new support (broken resistance)
- SL2: 0.2380$ strong support (-6.1%)
- *Targets:*
- *TP1:* 0.2600$ (desired)
- *TP2:* 0.2700$ (+6.5%) main target
- *TP3:* 0.2850$
- *TP4:* 0.3000$
- *TP5:* 0.3200$ extended
Break with 312M$ volume + RSI 62.3 still room + MACD bullish cross = Buy Signal.
