ADA is situated into a falling wedge pattern which is a bullish pattern that begins wide at the top and contracts as prices move lower in the end we will see a breakout with a trend reversalAda made a double top at 1339, ichimoku cloud rezistence that s massive and also bearish sentiment in market in this way the price will going down.
Where can i buy ?
First bigger support is at 960-980 sats so this can be your first target but all time buy partialy
Second is the BOTTOM at 620-710 sats
Why to buy this ?
Is the best coin in this cryptoworld easy you can make 3x in q1 2019 becouse they will launch Shelly mainnet which means ada will be descentralized and you have posibility of staking with aprox 3,7% ROI/year
Their github activity is at 2nd place
In bullmarket ADA is a monster a solid japan coin and all time the fomo comes in
First target for this coin when will be launched Shelly(descentralization+staking) is 4264 which is 0.5 fib rezistence and second target 5122 sats which means 0.618 fib rezistence and also in feb-march-april the market will grow organic
Trade active
MACD bearish divergence happened too with a top of neutral MACD zoneTrade active
Still active,price dropped 130 sats. Put buy orders and waitTrade active
Stoch bearish cross confirmed in 1D,3D,1W timeframes
Rsi below 40 is also bearish and dropping
MACD are below neutral zone and also we have a bearish cross.
It s falling.
Note
Also we are below huge ichimoku cloud resistance=bearish
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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.