ADA/USD - Warning sign validated! Bearish divergence...
Time to be careful on ADA. The weekly RSI just painted a very clear BEARISH divergence.
What is a bearish divergence? It is when HIGHER prices on the chart have a LOWER high on the indicators like RSI (see yellow arrows).
What does this mean? It means the momentum is FADING and price is likely to reverse course or the trend may change soon.
You DO NOT want to HOLD ADA now hoping it will PUMP... the odds are against you. The only way I see price still going up is if BTC does a new ATH and all the market pumps.
Therefore, expect lower levels at least in the short term and explore buy opportunities at the next support. If you plan to play a bounce.
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What is a bearish divergence? It is when HIGHER prices on the chart have a LOWER high on the indicators like RSI (see yellow arrows).
What does this mean? It means the momentum is FADING and price is likely to reverse course or the trend may change soon.
You DO NOT want to HOLD ADA now hoping it will PUMP... the odds are against you. The only way I see price still going up is if BTC does a new ATH and all the market pumps.
Therefore, expect lower levels at least in the short term and explore buy opportunities at the next support. If you plan to play a bounce.
Like and follow if you liked this idea!
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