ADAUSD - 4H CHART ANALYSIS

Hi everyone,

Hope your well.

Please see my first crypto chart analysis for Cardano ( ADA ) on the 4H timeframe.

As you can see from the chart price has rallied back up to a previous high where price was rejected.

Price on the RSI is sitting in the overbought area significantly currently showing an 85 reading which could be a sign price is about to reverse to the downside.

With price being at the previous high which acted as resistance and with the RSI showing the levels it is I would add this to your watchlist and look onto the 1H timeframe for potential entry candles.

Any likes and comments would be appreciated.

DWFX