The sellers will now attempt to sink the price to the strong support zone
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Dec 9
The sellers will now attempt to sink the price to the strong support zone at $1.50 to $1.41. This is an important support for the bears to defend because if it cracks, the selling could accelerate and the ADA/USDT pair may start its downward journey to $1. Contrary to this assumption, if the price turns up from the support zone, it will indicate buying at lower levels. The bulls will then make one more attempt to propel the price above the 20-day EMA. If that happens, the pair could rally to ...
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