c3l3x

c3l3x Updated 

ADA/USDT continues to mostly move sideways. In the short-term prices have come up to test 1.20, but appear unlikely to break the resistance at this level. If it does, then 1.25 and then 1.30 would be the next targets. However, on low volume and momentum, this does not look like a breakout to the upside yet. Short-term timeframes (90m to 12H) look sideways, but...

c3l3x Updated 

After ADA/USD make a small rebound and slight test of 1.20, we have again resumed our downward momentum. ADA is currently hovering around the 1.11 fib, but a quick look at the 12H chart shows that this is unlikely to last for very long. Indicators in the 2D are still showing downward momentum that will move us lower. Support at 1.00 is not looking especially...

c3l3x Updated 

As expected, ADA/USDT broke to the downside from the descending triangle. Given how quickly ADA has run up in price in the past month, a correction like this was likely to occur. Indicators are suggesting that this correction may go deeper than 1.00. We are now approaching 1.00 after having quickly broken through 1.15 and the support at 1.11. The area around...

c3l3x Updated 

ADA/USD has been indifferent the last couple of days with sideways action in a narrow band. Prices have stepped down a bit but 1.20 has shown consistent support. That may be finally changing. ADA/USD is in a descending triangle with an apex in the next day. This typically results in a break downwards We are seeing lower highs and more candles at or even...

c3l3x Updated 

ADA ran up to match the ATH at 1.48, but did not have enough energy for a real retest and quickly broke down. Now we are seeing a strong retracement. Where will we bottom out? We see now that it not only brown down from the ascending triangle of the impulse run up, but also the ascending trendline. A 25% correction would put us around 1.11, but this is not a...