Strong selling Pressure on ADAUSDT.
Hi everyone!
Daily"
ADAUSDT Short Still below 50MA.
RSI is in over sold area but there is a strong selling pressure in the market. Also close to local support mentioned on my previous chart, If drop from $1.17 We could see it provably going back to $1 Support
ALWAYS look for extra confirmation on any trade "Do not over trade Long or leverage on markets like this". Death Cross also has a lot of pressure at moment.
"I still would personally hold on any long positions until we ether confirmation of a new support.
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Daily"
ADAUSDT Short Still below 50MA.
RSI is in over sold area but there is a strong selling pressure in the market. Also close to local support mentioned on my previous chart, If drop from $1.17 We could see it provably going back to $1 Support
ALWAYS look for extra confirmation on any trade "Do not over trade Long or leverage on markets like this". Death Cross also has a lot of pressure at moment.
"I still would personally hold on any long positions until we ether confirmation of a new support.
Happy trading people
(No financial advice)
DISCLAIMER
The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Disclaimer
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.