Cardano / TetherUSUpdated ADAUSDT 6/8/2021
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
A continuation TA on TA last May 19, 2021.
Other TAs, I made this June
Bitcoin
Chain Link
Ethereum Classic
____
Elliot Wave
Potentially, ADAUSD is now on Declining Phase. I know that $ 1.4880 and $ 1.000 are very strong supports in case of selloff came again. But in case $ 1.000 is broken, price may find support at 38.20% Fibonacci and followed by supports at 50.00% and 61.80%. The monthly support is at $ 0.1973 (I think, it’s least likely to reach this price – in case the trend line is broken). 38.20% is the most logical support as there is a trend line also supporting.
Monthly
Needs some pullback to Moving Averages.
Weekly
Bearish Divergence on RSI, MACD & Stoch RSI.
Daily
Bearish Convergence on RSI, MACD & Stoch RSI.
4HR
In the Chart.
1HR
In the Chart.
____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
_____
A continuation TA on TA last May 19, 2021.
Other TAs, I made this June
Bitcoin
Chain Link
Ethereum Classic
____
Elliot Wave
Potentially, ADAUSD is now on Declining Phase. I know that $ 1.4880 and $ 1.000 are very strong supports in case of selloff came again. But in case $ 1.000 is broken, price may find support at 38.20% Fibonacci and followed by supports at 50.00% and 61.80%. The monthly support is at $ 0.1973 (I think, it’s least likely to reach this price – in case the trend line is broken). 38.20% is the most logical support as there is a trend line also supporting.
Monthly
Needs some pullback to Moving Averages.
Weekly
Bearish Divergence on RSI, MACD & Stoch RSI.
Daily
Bearish Convergence on RSI, MACD & Stoch RSI.
4HR
In the Chart.
1HR
In the Chart.
____
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
Note
Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT_____________
Update
Elliot Wave
If 23.60% Fibonacci at $ 1.0847 and $ 1.00 is broken, likely to go to 38.20% Fibonacci at $ 0.6520. The trend line potentially makes a support.
Before
After
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Weekly
Prolong selling pressure.
Before
After
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Daily
Watch out EMA 9 & MA 200 bearish crossover. More selloff likely.
Before
After
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4HR & 1HR
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Note: NOT A FINANCIAL ADVICE TO BUY/LONG OR SELL/SHORT
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Related publications
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.