ADA Looks Set To Move Lower

BITTREX:ADABTC   Cardano / Bitcoin
ADA coin fell below its 50-Day EMA a few days ago. The next level of support would come from ADA's 100-Day EMA . The coin is also far from oversold territory, which means that there's sufficient room on the downside.

The bear case is further boosted by the fact that the MACD indicator is still bearish for the coin. I expect that ADA's price will find the support at 100-Day EMA and, the MACD will made a bullish crossover within next week at the price of 2.5k-2.6k, then I could open a long-position.
Yes I agree. To early for ADA to boost up now.
I Think we have to look at bitcoin in the same time. Now BTC is going up slowly but surely to it's main resistance around 12k$. ADA cannot compete when bitcoin grow that fast. I think when BTC will bounce on the 12k, maybe next week, ADA could wake up and have a chance to break up (if oversold RSI, and MACD finally bullish and ready to pump up)
+1 回复
LudwigStirner CryptoJulio
@CryptoJulio, totally agree! Thanks for the comment, buddy
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