Cardano (ADA) is demonstrating a compelling reversal structure, exhibiting a tendency to respect bullish elements while disregarding bearish signals after initial reactions. Following its ascent to the 60-69 cent range, previously marked by a monthly bearish FVG , ADA found support around the weekly FVG level, leading to further expansion. This shift suggests a...
the trend on ADA is still bullish we have had a nice push to 75 cents and then we started to retrace forming a range (Accumulation), then we had the nice push down to fill fair value gaps and also test support and we left a violet vector candle that recovered all green vectors from the left side and provided the false move for the retailers to go shorting support...
The price of Bitcoin it is still trending sideways with many failed attempts of the sellers to push the prices lower. Currently, the price bounces on from the VPVR peak and the 21 MA at 61k USD and finds selling pressure on the diagonal resistance line starting from 15 of June , having a second touch on September the 7, and since the ATH of 67000 we fall below...
The chart shows that after the rejection at the 31-32 USD levels link now retrace to the 38% fib extension level and currently is forming a spinning top candle which indicates that there is an equal fight between buyers and sellers. Since the Stochastic RSI is sitting around 40 i am inclined to believe that the price around 29,5 USD could be the local bottom...