ADAUST Near Term Analysis
ADAUST is looking quite bullish following its break out to a new ATH. In the 2d timeframe, the Green Line is above the White Energy, indicating upward pressure. The White Energy is not even turning down yet, while there is still some room for the Red RSI and Blue LSMA to increase.
In the 3d timeframe, the Red RSI is above the 56 level, which means there is a low chance of a significant drop until the White Energy turns down and crosses below the 50 level.
The Green Line should soon be above the White Energy once it exhausts and turns down, which will further confirm bullish sentiment and upward pressure for ADAUSDT in the near term.
Currently, ADA is facing some resistance at the Orange Trendline of my Pitchfork around 1.82 USDT. It last tested this Trendline back in the end of Feb and have been trading between the Orange and Purple Trendline up to now.
Once it breaks this resistance, the next strong resistance level will be the Green Trendline which is in the 3 USDT range.
Overall, ADA is looking very bullish to me and I will not be surprised if there is a very strong upward price movement soon, especially after it breaks above the 1.8 to 1.85 USDT range.
In the 3d timeframe, the Red RSI is above the 56 level, which means there is a low chance of a significant drop until the White Energy turns down and crosses below the 50 level.
The Green Line should soon be above the White Energy once it exhausts and turns down, which will further confirm bullish sentiment and upward pressure for ADAUSDT in the near term.
Currently, ADA is facing some resistance at the Orange Trendline of my Pitchfork around 1.82 USDT. It last tested this Trendline back in the end of Feb and have been trading between the Orange and Purple Trendline up to now.
Once it breaks this resistance, the next strong resistance level will be the Green Trendline which is in the 3 USDT range.
Overall, ADA is looking very bullish to me and I will not be surprised if there is a very strong upward price movement soon, especially after it breaks above the 1.8 to 1.85 USDT range.
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