ADAUSDT - May Go Sideways Within a Trading Range a Bit Longer
Hi Everyone! It appears ADAUSDT is not quite ready for a reversal to "sustained" upward pressure just yet. The Red RSI in the 6-Day and 9-Day still have a ways to go yet before closing above level 56. It's possible for the price action to fall to $0.089xx (White LOWER B-Band). In other words, I'm saying the trading range may be in between the White UPPER and White LOWER B-Bands for a while until the Red RSI can "close" above 56 in the 6-Day time frame.
KEEP IN MIND: We should NOT assume the price action must come down significantly during a period of downward pressure. We can "estimate" where the price may fall during a period of downward pressure but that does not mean we "must" come down to that "estimated" price.
I'm "estimating" we could fall to the LOWER White B-Band during this period of downward pressure if we do go down. I'm estimating "sideways" at best and "downwards" to the LOWER White B-Band at worst in the 3-Day Time Frame: