ADA/USD - Can Ada go to $1.4 and do a new ATH?

10 февр. 2021 г.

ADA pumped hard these past few days, however does it still have enough fuel in the rocket to go to it's old ATH of $1.4?

The daily indicators show no sign of weakness as of now and volume looks good. However if we fail to move pass $0.90 cents then we may be in trouble as on 4h timeframes MACD and RSI show a bearish divergence which will be confirmed if we lose momentum at this resistance level.

The longer we stay under this resistance the more concerned you should become, however, the chart shows we have quite a bit of space for price to move and remain bullish with good support at $0.55 and a weaker support at around $0.72. As long as we don't lose $0.55 level and break the parabola we're safe.

I remain bullish on ADA for this reason, no reason to over-react. However, buying now is a bit of a mixed bag, since we do not know if we go higher or decide to correct. Best to wait a bit around this level for price to give more clarity on its wishes.

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