ADAUSD: Support at 82 to 76 Cents With Resistance at 98 Cents
Hi Everyone! Previously, we were seeing potential for $0.91 cents. We came down to $0.90 cents. Well, due to that push down to $0.90 cents, the indicators have changed a bit; indicating we have resistance at the White Lower B-Band at $0.98 in the 4-Day time frame. We still have a lot of work to do with the Blue LSMA in the Weekly to have a chance of going up strong. In fact, we are currently at threat of falling further over time to somewhere between $0.70 and $0.76.
Yes, market conditions can change. I was wondering if a push down to $0.90 would change what we were seeing in the Near Term Group previously with a chance for more over extension UP. Well, it did change the indicators to the point of putting a halt to our over extension in the 4-Day time frame.
Hope this was helpful...
Happy Trading and Stay Awesome!
David
Yes, market conditions can change. I was wondering if a push down to $0.90 would change what we were seeing in the Near Term Group previously with a chance for more over extension UP. Well, it did change the indicators to the point of putting a halt to our over extension in the 4-Day time frame.
Hope this was helpful...
Happy Trading and Stay Awesome!
David
