#ADA/USDT Bearish Breakout Sideways Channel
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence,
demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $0.40, which it broke. The nearest Resistance Zone is $0.55, then $0.75.
Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45).
OBV (On Balance Volume): is declining, indicating that volume on Up days is lower than volume on Down days. Hence,
demand (buyers) is below supply (sellers).
Support and Resistance: Nearest Support Zone is $0.40, which it broke. The nearest Resistance Zone is $0.55, then $0.75.
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.