ADA CARDANO reversal , Bearish?ADA CARDANO has been bullish for last 11 days and touched the top 2.19 .
as its overbought we can expect correction for 3 stages :
1- A weak support on1.698
2- strong support on 1.466
3- Super strong support on 1.321
lets see the market movements let ADA back to stage 1 , 2 or 3 ?!
Adacorrection
ADA Coming Back Down to Reality My Fellow Crypto Traders,
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ANALYSIS:
ADA seen a huge surge which could be due to a number of reasons, however, ADA is extremely overbought and needs a cool off. Therefore we could see ADA find footage around the Anchored V-WAP, which is ADA true value. If those levels are reached, we could see a test of the 200EMA for validation. Also, since ADA has not had aggressive positive price action, we can see a lot of selling pressure to bring it back down to the true value.