ADA - Failure to LAUNCH, BEARISH Short Term

٢٣ سبتمبر

Hello Traders

Cardano / ADAUSDT is not looking good for the short term after the higher lows trendline has been broken (trendline analysis / support analysis).

The 4h shows a bearish drop with a nasty red candle:


Also, if we consider a technical indicator - the moving averages - the price has fallen far under the 200d MA, for the first time in months. This is not a good sign, unless we can recover towards the upside within a week and stay right under it like a few days ago:


If there is no return to the upside, a coupe of bounce zones we can watch in the near to longer term include :


👋 Thanks for your support
ADAUSDT

٢٨ سبتمبر

تم فتح الصفقة

Looking bearish in the weekly, let's see if the candle can close ABOVE - only a few hours left:

٣٠ سبتمبر

أغلقت الصفقة: تم الوصول للهدف

The weekly closed UNDER the support. Likely to see a further fall unless it quickly recovers ack above, within the next week that is.

٣ أكتوبر

ملاحظة

Interesting pattern showing up in the weekly, the diamond/flag pattern. Could be either or: