Been following ADA for a while now, both the BTC & USDT pairs.
- Firmly heading towards a decent quality Demand Zone, we have bounced of this Zone historically back in June
- I’m looking at this level to be respected when we do reach it as we were back then
- That long wick moved down to the Demand Zone underneath, but I’m not discounting this current Demand Zone based off that
- There are a number of indicators lining up for this Demand Zone also, our own Steamroller Indicator looking nice for when we reach it. Not only this, the RSI & CCI indicators are lining up nicely too.
- A movement back up to the 0.5 Fibonacci level would be the play that I’d be looking at Mid Term for ADA before a decision is made on the overall direction.
- Firmly heading towards a decent quality Demand Zone, we have bounced of this Zone historically back in June
- I’m looking at this level to be respected when we do reach it as we were back then
- That long wick moved down to the Demand Zone underneath, but I’m not discounting this current Demand Zone based off that
- There are a number of indicators lining up for this Demand Zone also, our own Steamroller Indicator looking nice for when we reach it. Not only this, the RSI & CCI indicators are lining up nicely too.
- A movement back up to the 0.5 Fibonacci level would be the play that I’d be looking at Mid Term for ADA before a decision is made on the overall direction.