#ADA/USDT Bearish Breakout Sideways Channel
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence,
demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $0.40, which it broke. The nearest Resistance Zone is $0.55, then $0.75.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence,
demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $0.40, which it broke. The nearest Resistance Zone is $0.55, then $0.75.
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