In the weekly chart the trend is down and the price seems to want to see lower prices since it could not rise to $ 3. Continuing the analysis (in W) we notice that the price has found a very strong support (Support line 1) that looks like like a trampoline that bounces back to S1 and S2 and hits R1 and R2. Here S&R is constantly changing position, but they have given us very good signals to understand where the price wants to go and approximately when it will do so. 2.92, 2.32, 1.67 and 1.46 are our starting point for purchases and as it seems technically from W this will be around October 27-31. This means that if the price goes down to 1.88 and does not find S then it will go to around 1.66-1.67, somewhere there the price will return to the bull market and the results will be around $ 4.
The Second Scenario is, if the price can not hold the S1 most likely to see the ada around $ 1. Although from a point of view technique it seems that it will bull and go up. Of course we do not take any orders and we are waiting to see if he will comply with the technical analysis and realization of our S & R.
The Second Scenario is, if the price can not hold the S1 most likely to see the ada around $ 1. Although from a point of view technique it seems that it will bull and go up. Of course we do not take any orders and we are waiting to see if he will comply with the technical analysis and realization of our S & R.