Hi,
As it looks like ADA is struggling a bit lately, i must say the long term still looks positive for me.
The diagonal local support seems to be very well defended and in case it would break i think the 0.90 - 1$ range will again stand for strong support.
We can also see rsi nearing oversold area with on top of that a hidden bullish divergence.
Keep faith, ada will be just fine, their "better a bit slower but solid instead of rushing things" kinda mentality should pay off in the long run imo , not financial advice of course.
Happy trading !
As it looks like ADA is struggling a bit lately, i must say the long term still looks positive for me.
The diagonal local support seems to be very well defended and in case it would break i think the 0.90 - 1$ range will again stand for strong support.
We can also see rsi nearing oversold area with on top of that a hidden bullish divergence.
Keep faith, ada will be just fine, their "better a bit slower but solid instead of rushing things" kinda mentality should pay off in the long run imo , not financial advice of course.
Happy trading !
Commentaire:
We are of course under pressure, we would rather not see a bearish EMA crossing. It is of course a lagging indicator and we have some positive indicators as mentioned above ;)