nomervarium

nomervarium

There's bearish divergence on ada. Be prepared if price drops.

nomervarium

0.382 fib level seems to be a resistence for now.

nomervarium

we are seeing support at $1.15 on ada chart. This level also corresponds to 21-day ema and 0.5 fib level.

nomervarium

It's 2 days late but one of the reasons why bitcoin retraced was the bearish divergence on 1D time frame.

nomervarium

If the breakout happens up, the target is about $1.3. Considering the entire market right now, this is pretty likely to happen.

nomervarium

We are seeing resistance on 0.5 fib level.

nomervarium

In this year ADA went below 50 day moving average 5 times on 4 hour time-frame, including the recent drop. the average drop below 50 day ma is 16.26% this year , therefore ADA reaching $1 is quite realistic, as this level corresponds to 16.26% drop. The way I measured price drops is as follows: I measured the price difference from the point where the candle...

nomervarium

If we average percentage of previous drops from high to low, we would get an average drop of 31.27% this time which corresponds to ~ 1.02 USDT per ADA. Bounce from that level is expected since $1 is also big psychological support level. If the price drops even lower, I would expect drop to 0.9-ish region.

nomervarium

Since the 10-th of February bearish divergence has been forming on RSI indicator on one day time frame. It has been quite a long time since then and maybe now we are seeing the results.