short term up vs mid-term down

ADA / Dollar BITFINEX:ADAUSD

asharifan

it is the 1st break out and close beyond its downward channel and 100SMA in the last 140 days.
but price is below the 200SMA and this moving average is pointing downwards.
the horizontal Resistance zone around the 1.5usd in coincidence with the 200SMA is the zone of decision.

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