Will this be the final long before the drop?
I see ADA dropping to previous demand imbalance around 2.2/2.1/2.0 by this time next week.
I then expect a strong buy movement coming in and breaking the highs, fakeout the highs and then dump again.
Also a clear divergence between price and vol. For those that knows my posts will know this divergence.
Summary: Drop to 2.1, rally to 2.6
I see ADA dropping to previous demand imbalance around 2.2/2.1/2.0 by this time next week.
I then expect a strong buy movement coming in and breaking the highs, fakeout the highs and then dump again.
Also a clear divergence between price and vol. For those that knows my posts will know this divergence.
Summary: Drop to 2.1, rally to 2.6
Note
Price broke higher so now if it drops to around 2.5 it will probably bounce to new ATH again.
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Disclaimer
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.