As we see the price of ADA moving up towards horizontal resistance we can see multiple bearish divergence occurring.
Price moving up but Volume is decreasing and so is the CCI indicator.
Price moving up but Volume is decreasing and so is the CCI indicator.
Trade active
So far so good, we made a double top on the 4 hour with continuing losing volume and lower high on the CCI.Waiting for break of 1700 area and break of diagonal support.
Note
ADA upodatePrice broke diagonal support.
I'm expecting price to fall at least towards 1640 but with IOHK summit on 17 of April and Shelley on Mainnet 20 April we might not drop as far.
After indicators reset I can see another run up towards 17th and 20th of April
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.