ADAUSDT. has currently made a few runs to area of its newly found ATH as Aug. comes to an end. After recently getting rejected at resistance while attempting to enter the $3USD area it looks like we’ve found support. With a 4hr close back above the trend line and EMA34 I believe ADA may be charging back at resistance and possibly towards a new ATH.A few points worth mentioning:
- K+D lines of Stoch close to touching
- RSI Crossing back over the 50 line
- 4hr close above trend line
- 4hr close above EMA34
- Increase of bullish volume
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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.