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ADA Price Could Drop to 0.8528 and 0.8372 Amid Downward Order Flow

ADA has established a downward order flow, with the price testing the order block on the 2-hour time frame. On the smaller 15-minute time frame, an equal low (EQL) was identified below, with a shelf left behind, suggesting the price will likely continue its downward trend. In summary, a short-term decline to 0.8528 and 0.8372 is expected.
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AI Analysis

The recent technical analysis indicates that ADA has formed a clear downward order flow, which is a bearish signal suggesting a potential decline in price. The testing of the order block on the 2-hour...

AI Recommendation

Given the current technical setup, the prudent approach would be to prepare for a short-term decline in ADA, targeting the levels of 0.8528 and 0.8372. Traders might consider entering short positions ...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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