dancingdunza

ADA Bounce off long term trend

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KRAKEN:ADAUSD   Cardano
ADA weekly is looking to bounce off long term support trend line. You can see it has touched and rejected this trend line multiple times since the start of the year. Still early to say as the week is only past the half way point, we are looking at the first green candle from over 5weeks now. Could this be the reversal ADA holders are looking for?
MACD showing signs of a swing and RSI has kicked up. Last time RSI was at this level was all the way back in March last year.
Let's see how this pans out at the end of the week.

GLTA and have a Merry Christmas!

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