Having reached a peak of 1593sats during its recent Bullish run, ADA has been on a steady decline. The 1271sats Daily Resistance has held against multiple test and a clear bearish trend-line has been identified on the Daily TF. The Weekly TF also shows that the latest peak of 1593sats was only able to make a Lower High to that of the last peak of 1944sats made on April 1st 2019. I believe the Weekly Support of 1060sats will be lost and the Monthly Support of 900sats will be tested soon.
@ppip, definitely an area of interest and a psychological level, let's see what happens!
ppip
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@GazCryptoMob, it's more than pshychological... It s a huge long term support. Expand your chart its pretty clear. If Btc dumps under ten anything is possible but I think ada dumping anything under 00001is unlikely unless that happens and frankly I think that would be a very bad sign for the whole market.
UnknownUnicorn3942995
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@ppip, this is just the Daily TF used for this particular idea, I have identified the various levels from their respective TF's i.e. Monthly and Weekly. From those TF's it is my personal opinion that 900sats is a more significant Monthly level than 1000sats and that if the Weekly Support of 1060sats is lost then 900sats will be tested. As I say, let's see what happens....