ADA bottom?
ADA price bounce nicely breaking the bearish trendline, Pivot Point, 20 and 50 EMAS wich acted as a strong resistance in the past two months.
*RSI in 4H is overbought but in daily charts it is intracting with the 50 line.
*Stoch in 4H is overbought but daily charts show a bullish crossing signal.
*MACD is above 0 but daily charts show a bullish crossing signal.
Maybe we will consolidate a little but If the price can breake above the 200 EMA, the 2419 resistance and test them as support I think that would be a nice buy signal with target at 3000~.
In the other hand, a rejection at this level will get us back to 1657 level.
This is just a noob's opinion not a buy/sell recomendation.
*RSI in 4H is overbought but in daily charts it is intracting with the 50 line.
*Stoch in 4H is overbought but daily charts show a bullish crossing signal.
*MACD is above 0 but daily charts show a bullish crossing signal.
Maybe we will consolidate a little but If the price can breake above the 200 EMA, the 2419 resistance and test them as support I think that would be a nice buy signal with target at 3000~.
In the other hand, a rejection at this level will get us back to 1657 level.
This is just a noob's opinion not a buy/sell recomendation.
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