ADA Trendline Support and Indicators (4h Details)
2024-11-29

As in my previous post that looked at it from a weekly/daily perspective, I mentioned certain patterns emerging in the 4h view - here it is. 

you see rises, then consollidations - followed by further rises. it respected the trendline upwards around 7 times (if you count only full contact, then 5). and as it seems the 4th  accumulation is over and takes ada to the 1.20 high volume zone (in which it may get rejected).  RSI is in this view not overbought at all. Volume indicates some level of support at $1 dollar. 

looking at it I see  BINANCE:ADAUSDT  go to $1.20, correct towards trendline at around $1.05, then go higher towards $1.25 or beyond. 

IF it loses momentum and the trendline, the first line of possible support is at around 88 cents. volume based, the next support comes at 75 cents. 