ADA possible bearish crossover or try to go back up
ADA rejected the 20-day moving average, dropping from it. And it is currently in the SMA50 days, trying to break it down, however there is strong demand in the area of this, taking it up instantly after its fall from 0.9 to 1.1 in a matter of hours. Reflecting that this point is being strongly supported by the bulls
If the bulls manage to raise the price above the 20-day moving average, an ADA rally to 1.4 USDT would be confirmed.
Conversely...
If the bears are strong enough and send ADA below the moving average, Cardano could suffer its first downtrend after a long time.
Before the ADA Lovers, Funen listen to me.
If Cardano is rejected at 1.2 USDT, a confirmation below the 20-day moving average is possible. We have a high demand in the zone of 0.9 In 1.0 Nobody is buying. The few bulls that try to take it above the daily closing moving average are few in fact.
So it is likely that ADA will not go above the 20-day moving average, and it will also have rejection at the 50-day moving average. SMA. This would confirm a possible downward trend reversal towards 0.9,0.8 and 0.7 testing the 100 day WMA Moving Average.
This is based on the analysis, we still have the fanaticism of ADA, that I very much doubt they will sell this cryptocurrency, so it will be difficult to break the strong support at 0.9 USDT.
However, if fanaticism manages to take it above the 20-day moving average, it is confirmed that we will continue in the uptrend, with everything and a fall.
As long as the ADA remains below this, a breakout of the 50-day SMA and a trend reversal is likely. So stay tuned with ADA.
I do not recommend the Open Shorts and Longs at ADA. Because there is fanaticism in this one. It is best to open a Long at 0.7 in the hypothetical case that fanaticism loses to the downtrend.
Never go against a large community. Better to go along with her. In Long on the strongest support.
I'm not saying that ADA goes to 0, I'm just saying that there may be a change in trend, take this as a buying opportunity.
If the bulls manage to raise the price above the 20-day moving average, an ADA rally to 1.4 USDT would be confirmed.
Conversely...
If the bears are strong enough and send ADA below the moving average, Cardano could suffer its first downtrend after a long time.
Before the ADA Lovers, Funen listen to me.
If Cardano is rejected at 1.2 USDT, a confirmation below the 20-day moving average is possible. We have a high demand in the zone of 0.9 In 1.0 Nobody is buying. The few bulls that try to take it above the daily closing moving average are few in fact.
So it is likely that ADA will not go above the 20-day moving average, and it will also have rejection at the 50-day moving average. SMA. This would confirm a possible downward trend reversal towards 0.9,0.8 and 0.7 testing the 100 day WMA Moving Average.
This is based on the analysis, we still have the fanaticism of ADA, that I very much doubt they will sell this cryptocurrency, so it will be difficult to break the strong support at 0.9 USDT.
However, if fanaticism manages to take it above the 20-day moving average, it is confirmed that we will continue in the uptrend, with everything and a fall.
As long as the ADA remains below this, a breakout of the 50-day SMA and a trend reversal is likely. So stay tuned with ADA.
I do not recommend the Open Shorts and Longs at ADA. Because there is fanaticism in this one. It is best to open a Long at 0.7 in the hypothetical case that fanaticism loses to the downtrend.
Never go against a large community. Better to go along with her. In Long on the strongest support.
I'm not saying that ADA goes to 0, I'm just saying that there may be a change in trend, take this as a buying opportunity.
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