As forecast in my May 16 update, ADA fell to 2.00 and then further to a low of 1.91. Prices did not fall as low as 1.83 region, but another test of 1.90 may be coming.
Today ADA is likely to drop to 1.90 or a bit below, but prices are likely to range around 2.00. The current consolidation may not last more than a few days. Higher timeframes are still very and 3.14 or higher is still likely for June 2 at this point.
The 1D chart is showing continued downward pressure with green well below and , and the white below level 50. However, has not come down significantly and is above level 80. This suggests that the green will bounce above level 50 and prices are unlikely at this time to go to the yellow basis line. A drop to 1.83 is still in play, but a drop below 1.80 appears unlikely at this time and prices may not fall lower than 1.90.
Intraday, prices will likely continue to range between 1.90 and 2.10, with 2.00 being a common focal point. The 12H chart has already closed with the under level 80 and green below level 50. is continuing to decline, which will push prices to the yellow basis (currently 1.91), but the is also falling, which will narrow the B-bands and limit how far prices can move. Again, a dip to 1.83 is possible, but prices may not be able to break the 1.90 .
Next 3 Days
The 4D and 5D charts, both of which have 3 days left, are still quite despite the current pullback. Green is still higher than white , and all indicators are well above 50 and rising. This suggests the bull trend is still intact and is likely to resume in coming days.
June 2 Forecast Impact
The next 7 days continue to look very with more upward momentum coming in the next candle (May 25). Due to the current pullback, $4 may be delayed until early June, but $3.14 continues to look likely. How quickly ADA recovers from current prices will indicate price targets for June 2. For now, there is no indication that the bull trend is at risk.
Good luck and good fortune!