ADABTC Daily chart analysis ☑️
ADA Daily chart update-
We are on a supply zone now. Buying volume has declined and looks like sellers have taken control. We might have topped out, we are not sure on this as we don't have any strong downside move on 4 hourly chart so market makers can make any more upside move to trap the more excited buyers. We have a rejection and hidden Bearish div. On RSI which is a bearish sign. As BTC this week is really volatile and mostly moving upside, ada mostly tends to go downward.
We have near important level as a support 520-525. We will have to see reaction at this before the level 450 our final Target.
This Analysis is based on mid term, not for scalping or short term. Plz manage your risk and stay safe !!
We are on a supply zone now. Buying volume has declined and looks like sellers have taken control. We might have topped out, we are not sure on this as we don't have any strong downside move on 4 hourly chart so market makers can make any more upside move to trap the more excited buyers. We have a rejection and hidden Bearish div. On RSI which is a bearish sign. As BTC this week is really volatile and mostly moving upside, ada mostly tends to go downward.
We have near important level as a support 520-525. We will have to see reaction at this before the level 450 our final Target.
This Analysis is based on mid term, not for scalping or short term. Plz manage your risk and stay safe !!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.