Quick preview of my past TA - ADA/USD Technical Analysis - 05 April 2018

Few days ago, I have said that the consolidation will be completed today (April 10); however, I have overlooked the RSI indicator.

Looking at the 2-hr RSI indicator, I have seen a hidden bearish divergence as shown below.

If the price clearly breached the $0.144 support, bearish scenario is validated and the price may go up to $0.12 or possibly lower; however, clear break of the $0.16 resistance confirms the previous TA and will start the bullish scenario.

Long-term sentiment remains bullish.

Disclaimer

This is my personal view and I don't claim it to be a professional financial guide. Your decisions are 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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