Date: 12 March 2018 - Time: 11:00 (GMT+8)
Cryptocurrency exchange: Binance (calculated by TradingView)
Current ADA price (USD): 0.219465
24h high (USD): 0.224767
24h low (USD): 0.187017
Long-term overview
As indicated in the chart, price is below the 78.6% Fib. retracement line and the 8, 21, & 55 EMA.
RSI indicator shows the support at around 31.3 zone being broken then followed by 2 new lower lows at 27.5 and 26.5 zones respectively; this movement indicates a bearish pattern. However, the current movement is above the 31.3 zone resistance, successful breaching of this resistance and having a higher low may invalidate the bearish trend.
Short-term overview
Looks like a WXY correction is in play and will be followed by a bullish to very bullish run. Bouncing from $0.224 zone and going down $0.193 may validate this current trend. The bullish is supported by the RSI indicator; bullish patterns can be seen as outlined in the chart (consecutive lower lows and higher highs can be easily seen).
Expect a bearish pattern for the next hours until tomorrow which will may be followed by a bullish pattern higher than $0.224.
If current counting is correct, then, low of 1st and 2nd Quarter of 2018 = $0.181689 (09 March 2018)
Disclaimer
This is my personal view and I don't claim it to be a professional financial guide. Your decisions are only controlled by you and only you. Listen to what others say, but don’t believe everything that you hear. Research, analyze, and think. In the end, you can only thank yourself for believing in something that is true. Likewise, you can only blame yourself for believing in something that is false.
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