CM_Trades

ADA - Resistance wins for now!

CM_Trades 已更新   
BINANCE:ADABTC   Cardano / Bitcoin
Cardano tried to continue its run higher but got rejected once more at the supply zone above and came straight down to support dipping inside the demand zone. We have continued to make lower highs past few days and a break of this demand area could lead us back down to retest the breakout zone again around 1160.

MACD still remains flat as we await some type of volatility to reappear and RSI failed to reach resistance and looks to be heading lower as we continued to cool off from that crazy run. Again, just like most altcoins, we are waiting to see if Bitcoin can continue its move higher here taking the market with it or will it dump canceling out all the progress we made all of last week.

Thanks guys!
評論:
ADA broke above the trendline but could not make a new high getting stopped in its tracks at the supply zone above twice before moving lower.

It seems to have found support above the 61.8%FIB level.

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