THIS GOLDEN TOOL THAT HAS IDENTIFIED THE MOVEMENT OF #ADA PERFECTLY!
As we have identified #ADA's possible movement from using the Fibonacci tool. There were key levels that notably analyzed the key levels where ADA will hold and experience sell orders as well. Looking at the level 78.60% of ADA, there were sell orders prepared in order to welcome the wave of bullish sentiments on 0.2770-0.3330.
Right now, as the hold at 23.60% level is strong. We're preparing for a possibility of retesting and attempt of breaking the resistance at 0.4230. In the event this happens, we will continue to observe whether this token stays on top of this zone in order to identify these levels as its new major support.
A CLOSER LOOK OF #LQTY'S POSSIBLE NEXT PRICE ACTION!
We are already witnessing LQTY's stronghold in the price range of 0.48-0.68. These levels are considered to be close to their oversold status. Hence, we have already identified the areas where sell orders will be awaiting the attempts at breaking its market resistances. Thus, for the overall scenario of LQTY.
We're still following the bearish sentiment surrounding it after we have already secured more than 59% increase from our entry. Once we have already identified LQTY's next bottom, we will then, keep an even closer look to ensure we can take the best position in its market structure.
As a hint, you may verify if it ever breaks 0.4. From there, you can also review the intentions of buyers to test, intensify and break for bullish reversals.
#DYM STAYS ON TOP THE WEEKLY LOWS: WHAT'S NEXT?
Currently, DYM is trading at 1.2907 showcasing the intention to hold this key level. This zone has given us ideas surrounding the overall sentiment of DYM. Market structure of DYM indicates that the recent drops are corrective but the overall drop was a decline.
Although, we're now following the pattern that we've highlighted ever since then. A pattern where every after decline there will be accumulation (and some slight wicks to test bottoms) and until an intensification happens.
There will be more buyers coming out to assist in increasing the price.
$ADA
Stay wise, trade cautiously.