ADA/USD Technical Analysis - 14 March 2018 - Correction is about to end!
Below is a quick preview of the TA 2 days ago.
As predicted, a bearish trend followed the bounce from $0.224 zone; however, the price didn't hit the target $0.193 zone as the volume suddenly spiked as shown below.
WXY corrective wave is still valid and the price is currently retesting the $0.23 zone resistance. Successfully breaching it and maintaining the price above it marks the end of the correction and will probably start a new upward trend. However, failure to breach it will bounce the price up to $0.20 zone which will complete the WXY correction.
RSI indicator is in the neutral to bullish area with bullish divergence. Also,a support can be seen at 35.8 zone, thus, supporting the bullish trend in the next days.
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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