ADAUSD ❕ above the liquidity zone
Hardfork Vasil is delayed for a month.
Cardano shows itself worse than the leaders of the crypto market.
ADA is moving in a downward channel between two liquidity zones.
Price is above liquidity.
Trading volumes are again starting to show a lack of interest in price declines.
100MA crossed down 200MA (4H TF)
ADA is in the overbought zone by BB indicator (30m TF).
Price and RSI formed a bullish divergence (30m and 4H TFs).
I expect that from the current levels the price will retest the upper boundary of the liquidity zone, but after fixing above it will continue the upward price movement.
Cardano shows itself worse than the leaders of the crypto market.
ADA is moving in a downward channel between two liquidity zones.
Price is above liquidity.
Trading volumes are again starting to show a lack of interest in price declines.
100MA crossed down 200MA (4H TF)
ADA is in the overbought zone by BB indicator (30m TF).
Price and RSI formed a bullish divergence (30m and 4H TFs).
I expect that from the current levels the price will retest the upper boundary of the liquidity zone, but after fixing above it will continue the upward price movement.
Related publications
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.