ADABTC has recently hit a major resistance level and has rejected nicely from this key zone and the chart is painting a nice chart opportunity.
I am looking at the following:
- rejection from the upper boundary of the daily consolidation range
- Lower highs and lower lows
- Daily EMA Cross over confirming bears are now in control
- Absolute Strength Indicator demonstrates selling momentum
Profit Taking Will be as follows:
- 61.8% Fib
- 78.6% Fib
- 0.00000413
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.