Hello Traders!

After the end of the ADA rise, the development of a corrective movement began.

At the moment the price is lodged under the MA100 on the weekly timeframe and the RSI indicator has moved into the bearish zone. The presence of such bearish triggers indicates a continuation of the downward movement.

You may start to work on sales after the price returns under the support level of $0.54

It’s better to start to set the asset after the culmination of sales and the completion of the downward movement. The nearest buyers’ area of interest is in the range of $0.171 to $0.274. It’s better to place buy orders near the support level $0.171, these may be price values of $0.17 – $0.21

Good luck and watch out for the market

P.S. This is an educational analysis that shall not be considered financial advice