The RSI is straddling the midline as indecision looms within the market.
Against Bitcoin, ADA has formed somewhat of a symmetrical triangle pattern during the second half of March. The cryptocurrency rebounded from SAT last week but was unable to close a daily candle above SAT, where lies the upper boundary of this triangle.
It has since dropped lower slightly as the bulls attempt to defend SAT. Knc btc tradingview managed to defend this support last week, and the lower boundary of the triangle also lies here. This is followed by SAT. On the other side, the first resistance lies at the upper boundary of the triangle.
The RSI has dipped beneath the midline here, indicating the bears are attempting to take control of the market momentum. If it continues to drop, the bearish momentum is likely to force ADA beneath the current triangle.
Transaction verification for Tkeycoin is now available directly in the app. Independent Commission entry for Bitcoin Taking into account the large volume of the Bitcoin network, we have implemented independent Commission entry — you can specify any Commission amount. For other currencies, smart Commission calculation is enabled based on data from the network.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments.
You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
See Disclaimer for more information.