On the ADA/Usd chart we see that it is trading within an intermediate upward channel, but it looks to be trading within a range in the short term between the three black support/resistance lines. The green rays are Fib retracement levels. We are currently at the first Fib retracement level and the bottom of our channel. A break below this should send us somewhere between the 0.067 and the 0.06 levels. This is where I believe we are headed in the short term as RSI, Parabolic SAR and SMI Ergodic Indicator are not showing any type of bullishness.
Bearish Divergence
RSI below 50
No cross bullish cross of SMII
Sell signals from Parabolic SAR
These are just my predictions, what do you think?
Thanks
Bearish Divergence
RSI below 50
No cross bullish cross of SMII
Sell signals from Parabolic SAR
These are just my predictions, what do you think?
Thanks
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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.