ADA set a new ATH! Congratulations to all that held so far!
What now? If we enter price discovery ADA may well go to $2 before any significant correction, however this push up, while on good volume still presents us with a bearish divergence on MACD and RSI.
While this is not immediately concerning, it will eventually lead to a price correction if we fail to push higher.
So watch this level here closely as it may be decisive, both ETH and BTC had a significant drop once they reached their old ATH. Hence, I'd be careful.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
What now? If we enter price discovery ADA may well go to $2 before any significant correction, however this push up, while on good volume still presents us with a bearish divergence on MACD and RSI.
While this is not immediately concerning, it will eventually lead to a price correction if we fail to push higher.
So watch this level here closely as it may be decisive, both ETH and BTC had a significant drop once they reached their old ATH. Hence, I'd be careful.
Like and follow if you liked this idea! Also join my crypto community to stay in touch and watch my technical analysis videos on YouTube. :)
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