ADABTC - 1D - Double bottom or ... more dump

29. Okt. 2020

Not financial advice!!!

After several days of huge dumpage...
ADABTC looks like it is
1) forming a double bottom
2) RSI & Stoch RSI Bottomed
3) Volume decreasing

what's next?
-More dump
-Some pump

29. Okt. 2020

Anmerkung

ADA against the dollar moving further down.

29. Okt. 2020

Anmerkung

It seems that ADABTC is creating a lower low...
=> Therefore I was 100% wrong about the double bottom.

I still see a possibility of rebound at the next support.
The indicators are looking like a possible trend reversal.
<probably not a perfect double bottom>

30. Okt. 2020

Anmerkung

If this next support fails...it opens the door to lower BTC values.
=> range in green!
I can see the chart wicking down...

30. Okt. 2020

Anmerkung

4H Bullish divergence!



Do note Binance's marvelous wicks. (possibly other exchanges have them as well)