ADAUSD: Sideways at Best and Downward at Worst a While Yet

Hi Everyone! Looks like we are going to see Sideways at best or downward at worst for potentially the entire month of January. I pointed out in the video we currently have Diagonal Support on my Aqua Lower Diagonal Trend Line created by my "pitchfork" tool. This would be around $1.27 at present. If we lose the Aqua Lower Diagonal Trend Line, we would be at risk to fall to the Orange Lower Diagonal Trend Line "over time." I do not want to speculate on a price that far ahead just yet. Let's first see if we eventually lose the Aqua Lower Diagonal Trend Line before crossing that bridge of a lower target price. If I were asked to chose a lower price target, that would be a price RANGE of $0.95 to $1.12.

Happy Trading and Stay Awesome!

David