Short

Might see a correction to the mean for ADA/USD

Updated

After all the long-awaited green days for most of the alts it might be time for a short correction towards the yellow dotted 20 MA of the bollingerbands or at least the upper white. The situation on the indicators in the 12 and 24-hour chart of today looks very similar to the situation on November 24, 2020. However, in full bullish mode, the market is in right now it could also be possible the correction remains to the upper white of the bollingerbands and move sideways for a while. Either way, don't be greedy when you do decide to short in current market conditions.

Note

Anyone interested in the indicators I use should take a look at Wyckoffmode on Tradingview. All credits to him for making and explaining these indicators.

Note

Note

As seen in de 24 hour chart the comparison is very clear with even the pressure dots at the same heights.

JoeMaan

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