$ADA & Trend
In this current situation , while crypto market is facing some resistances at broader level , here's the current analysis of $ADA .
After facing a downfall for last 24 hours , $ADA can rebound 🪃 to its bullish momentum .
Trend : Expected to be bullish to Neutral
Analysis .
RSI indicator : At 30.99, it seems coins are oversold due to any reason or just for panic
Candle stick pattern : After a heavy falling , a bullish hammer has been made on daily graph , this can indicate the reversal of the current Trend
Fibonacci ratio : According to the ratio , resistance is at $0.9407 . If this is broken successfully , we can expect $0.999 .
Strong support at $0.7620, the base of the Bullish hammer .
Advice : Don't panic sell . Just wait for reversal with stoploss at $0.7620