without_worries

ADA / USD - Overbought

Corto
without_worries Actualizado   
BINANCE:ADAUSD   Cardano
*Swing trade opportunity*

On the above 10-day chart price action has soared 2500% with RSI at 94. RSI of 94 on the daily is impressive for sure, on the 10-day, that’s amazing as much as it is a warning.

The weekly Stochastic RSI remains above 80, for now, which is bullish. However the 21-week bull market support moving average support would require a 60% drop in the price action before contact.
Comentarios:
Price action soaring above the Mayer Multiplier with a imminent cross in the Pi Cycle approaching.

Comentarios:
Price action has become an 'incredible sell' now on the 5-day chart below.

7000% up since the bottom. Sure it can go to higher - but the risk you take at these levels is high.

Comentarios:
RSI support breaks on the 10-day chart. Support is @ -35%.

Operación activa:
1st target for support, 87 cents
Operación cerrada: objetivo alcanzado:
Target was reached - don’t know why folks were selling at those levels - hey ho.


On the 4-day chart below price action produces strong support on the 21-day EMA (actually 84-day EMA on this 4-day but I use to reduce signal noise).

Next target $2.74


BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

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Allow 3-6 months on ideas. Not investment advice. DYOR
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