ADABTC Meets resistance at 3200 sat level
ADABTC meets some resistance where there was matching violence in a bear trend back in Feb - not much volume on these alts compared to "altszn" last year, so this isn't a really big deal in my opinion. Still a nice accumulation zone in all likelihood. Still bullish, and apart from the chart, we all know alts will rise again sooner rather than later.
Bear Short Term: Fail to fins support at 3200 sats, falls below 2900 sats over the next day or two, fall to 1800 sat range for retest early June or sooner. Falls below the 50 day MA sometime in April, bull's weep have to return their altszn merchandise.
Bull Short Term: Steady rise, consistent volume, test 4200 sats before May 12, find heavy resistance in the 5300 sat range. Take profit, take off your winter tires and go buy a pair of flip flops.
Bear Short Term: Fail to fins support at 3200 sats, falls below 2900 sats over the next day or two, fall to 1800 sat range for retest early June or sooner. Falls below the 50 day MA sometime in April, bull's weep have to return their altszn merchandise.
Bull Short Term: Steady rise, consistent volume, test 4200 sats before May 12, find heavy resistance in the 5300 sat range. Take profit, take off your winter tires and go buy a pair of flip flops.
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