ADAUSD: Potential for 93 Cents for the Near Term Group

Hi Everyone! Looks like the Red RSI in the 12-hour may close below level 50 before the White Energy in the 6-hour can close above level 50. Which would imply downward pressure continues. This downward pressure has the chance to push us down to the Orange Diagonal Trend Line around $0.93. It's possible to go lower to $0.88 or $0.83.

Happy Trading and Stay Awesome!

David