ADAUSDT Short Term and Near Term Update
In the 90min and 3hr, the Red RSI line has already crossed below the 50 level. The White Energy is also higher than the Green Line in the 90 min.
In the 6h timeframe, the Green Line is already below the 50 level. There is a high probability that the price will drop down to or below the Yellow basis at 1.128 USDT this 6h or next 6h candle.
In the 12h timeframe, the Green Line has also already crossed the Red RSI line while going down, and the White Energy has crossed below the 50 level, this indicates downward pressure.
Lastly, in the 2d and 4d timeframes, the Green Line has not turned down yet, so price should not fall significantly yet. I would expect us to have some short term support around the 12h Yellow Basis at 1.085USDT short term.
We will have a new 2d and 4d candle on 2nd March 2021 where I would expect the Green Line to start turning down.
There is a high probability that ADAUSDT has already topped out (Near Term) at my 1.618 Fib level and has begun its pull back.
In the 6h timeframe, the Green Line is already below the 50 level. There is a high probability that the price will drop down to or below the Yellow basis at 1.128 USDT this 6h or next 6h candle.
In the 12h timeframe, the Green Line has also already crossed the Red RSI line while going down, and the White Energy has crossed below the 50 level, this indicates downward pressure.
Lastly, in the 2d and 4d timeframes, the Green Line has not turned down yet, so price should not fall significantly yet. I would expect us to have some short term support around the 12h Yellow Basis at 1.085USDT short term.
We will have a new 2d and 4d candle on 2nd March 2021 where I would expect the Green Line to start turning down.
There is a high probability that ADAUSDT has already topped out (Near Term) at my 1.618 Fib level and has begun its pull back.
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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.