$ADA - Breaking the uptrend

In an uptrend, the corrections drop to take support (red arrows) at prev consolidations (green boxes) and then resumes the trend. Now, after 3 successful supports, the current consolidation has failed to support the drop in price and likely will now offer resistance

This could be a sign of trend reversing and logical move would be to drop to the next green box

This continuation of prev Idea

$ADA - After 700% rally expecting at least a 50% correction

Note

The consolidation green box acted as resistance and rejected the price, RSI also rejected from consolidation box

Shifting Green to the 1st Red box of resistance

IMO this is 1st major confirmation of reversal

Note

1st green box target hit. There should be a relief bounce now

imkeshav

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$ADA - After 700% rally expecting at least a 50% correction

by imkeshav

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