-POE still in a descending wedge. we will likely break this wedge and hit strong support around 400.
-Stochastic RSI is oversold.
-MACD is crossed the signal line indicating a bearish trend.
STORM is currently forming the handle and trying to find support around 545. This support will likely break and we will find our next support around 525.
-MACD has continued to stay at the bottom over the last few days indicating we our oversold.
-OBV is continuing on a downtrend.
**Keep in mind STORM will likely follow in BTC's path.**
-TRX is currently testing support on the 4hr chart around 857. -This support needs to hold or else we could see 785.
-MACD crossed the signal line indicating a bearish sign.
-Stochastic RSI is bottoming indicating we are oversold. We could possibly see a little bounce here.
-A little bit more volume and we could bounce of that 857 support.
-NEO is currently testing support around 8031 sats.
-If this support breaks we could likely find support around 6778 sats.
-Stock RSI is bottoming, indicating were oversold.
-MACD crossed the signal line indicating a bearish trend.
Keep an eye on the indicators (MACD, OBV, Stock RSI, etc..) for signs of entry and exit. DYOR
ADA is currently overall bullish on a 1 day chart. I am just showing potential for a bearish scenario playing out over the next week. We should keep an eye out on the Stock RSI and the MACD over the next few days.
ADA is currently overall bullish. I am just showing potential for a bearish scenario to play out over the next 1 - 7 days. Keep an eye out on the stock RSI, and the MACD crossings. If this bearish scenario plays out we need support to hold around 3000 sats. If that support breaks we could likely see support around 2100 sats.
