ADA - Possible Screnarios
There are 5 short term screnarios(1a, 1b, 2, 3, 4) on ADA's 4h chart that i see. First of all, she is keep moving in the major decreasing trend(yellow lines) for a long time. And then she is also keep moving in the minor decreasing trend(pink lines).
It is possible to say during she is staying under the indicators(Ma21, Ma50, Ema144 and Ma200) she need a magic for increasing. Also we all give attention about the Trend-Based Fibonacci Extension(colourful lines), her last candle close are under the Trend-Based Fib Ext 0.382.
Moreover, just check the RSI values ad Gan Fann channel at the same time. You will see that when RSI decreasing of 30, she cross up the Gan Fann 3/1. And now RSI just walking to the oversold zone. While RSI go down till 30, she could decreasing to under Gan Fann 3/1 then bounce from there.
It is possible to say during she is staying under the indicators(Ma21, Ma50, Ema144 and Ma200) she need a magic for increasing. Also we all give attention about the Trend-Based Fibonacci Extension(colourful lines), her last candle close are under the Trend-Based Fib Ext 0.382.
Moreover, just check the RSI values ad Gan Fann channel at the same time. You will see that when RSI decreasing of 30, she cross up the Gan Fann 3/1. And now RSI just walking to the oversold zone. While RSI go down till 30, she could decreasing to under Gan Fann 3/1 then bounce from there.
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