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Cryptoknowmics 2022-02-18 11:45:50

ADA Technical Analysis: Maximum Risk Of Collapse

The greatest fear a person feels while waiting for a blow. The blow itself is not as terrible as the imagination of this process. ADA investors will be able to confirm this fact. Analyzing the movement of the ADA price on a weekly timeframe, we can say that now the cryptocurrency is one step closer to collapse. The prospect of a new fall wave can range from 40% to 60%. Buyers currently have two main problems. The first is low activity near $1. This legendary level has kept the ADA price from collapsing for a year. https://www.tradingview.com/x/vEnXfCrP/ Starting in February 2021, the $1 mark was a good support for both the upward and downward trends. However, the low liquidity near this mark indicates the low interest of large investors. The second problem is low trading volumes at the critical point. In fact, at 4 weeks, buyers did not have the strength to peel off the price of $1. If the Bitcoin fall continues and buyers do not keep the range of $40,000 – the ADA market could collapse significantly with the first global target of $0.66. ADA Technical Analysis On The Daily Timeframe https://www.tradingview.com/x/LJgoJrCm/ After the last fall wave on 19 January, buyers could raise the price by only 20%. The daily candle from 17 February updated the local low. This once again confirmed the weakness of buyers. Box in the coming days, the ADA price will not rise above $1.2 by the end of February we will see a breakdown of $1 down...

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ADA Technical Analysis: Maximum Risk Of Collapse

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