On Saturday, 9/28, a golden cross formed where the 20 MA and 200 MA crossed. We will see if the 200 MA will play the break to stake a long position. It is currently being pulled back to retest its value. Good buy-in point to TP for the coming weeks. Support - 0.34 Resistance 0.46
Note
There was a lot of selling today for ADA. The RSI/ROC on the 4-hour chart shows that ADA was oversold, which indicates that the price has declined. Since it has been oversold, I will wait for the potential price bounce. Resistance is now its previous high, and I hope the price bounce will break 0.41. Support - 0.34Note
ADA is playing the price bounce from its recent dip. I don't see much buying volume, which makes me bearish on ADA. Only time can tell if ADA will rally in October.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.