CardanoShort
ADA going back to the trend support
I believe that ADA is going back to the inferior trend line where it'll be a good opportunity to buy again, around the 1.1 dollars value.
I don't think it'll follow the trend and go now to the upper trend line because:
- we have a resistence where in the past it couldn't been broken
- the RSI shows that ADA is already overbought so it doesn't have the power to break the resistence
You should wait until it tests the 1.1 dollars value on the trend line and then you should buy, expecting it will follow the trend, break the resistence and manage to get around the 1.45 dollars value.ADAUSD
I don't think it'll follow the trend and go now to the upper trend line because:
- we have a resistence where in the past it couldn't been broken
- the RSI shows that ADA is already overbought so it doesn't have the power to break the resistence
You should wait until it tests the 1.1 dollars value on the trend line and then you should buy, expecting it will follow the trend, break the resistence and manage to get around the 1.45 dollars value.
ADAUSD
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