ADA Coming Back Down to Reality
My Fellow Crypto Traders,
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ANALYSIS:
ADA seen a huge surge which could be due to a number of reasons, however, ADA is extremely overbought and needs a cool off. Therefore we could see ADA find footage around the Anchored V-WAP, which is ADA true value. If those levels are reached, we could see a test of the 200EMA for validation. Also, since ADA has not had aggressive positive price action, we can see a lot of selling pressure to bring it back down to the true value.
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
-----------------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
ADA seen a huge surge which could be due to a number of reasons, however, ADA is extremely overbought and needs a cool off. Therefore we could see ADA find footage around the Anchored V-WAP, which is ADA true value. If those levels are reached, we could see a test of the 200EMA for validation. Also, since ADA has not had aggressive positive price action, we can see a lot of selling pressure to bring it back down to the true value.
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