#ADA $ADAUSD Weekly: Expect More Downside 29.05.2021

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$ADA formed the Three (identical!) Black Crows. These are rarely mistaken and are a strong bearish signal. The weekly, after a big battle, closed below the 8 EMA line and elevated the mid term bearish odds.

I am very curious about the monthly candle. At this point it can flip any way and we will know this on May 31.

So far, based on the weekly and daily, I would not be surprised in $ADA finds itself in the 0.95-0.45 area in the nearest future.

I hope the monthly candle on May 31 adds more clarity.

Previous update:

#ADA Needs To Cool Down 27.05.2021

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