Hello fellow traders, to this long overdue and late update on ADA.
Long Term ADA bull here--for reasons previously mentioned. I currently have this chart labeled as an ABC; however, digging in on lower timeframes, I can see mixed signals putting us in a more complex correction of WXY. I have removed this in order to declutter.
Where I stand currently: Upper alarm has not hit. Set at the wall of 2900 sats. Wave structure is ugly, and I do plan to get stopped out again. If this happens, regroup, regather, reload. Stops are here for our protection and I do use them ;-)
For those long or short, be very careful trading here. Don't pick the low, and if you do, I educationally advise all those long, such as myself, to move that stop to break even. It's a dirty game. Apologies for that lack of clarity, it is just not present in the charts just yet. We need more price action, more data. Until then... Trader's choice.
longmoney
Long Term ADA bull here--for reasons previously mentioned. I currently have this chart labeled as an ABC; however, digging in on lower timeframes, I can see mixed signals putting us in a more complex correction of WXY. I have removed this in order to declutter.
Where I stand currently: Upper alarm has not hit. Set at the wall of 2900 sats. Wave structure is ugly, and I do plan to get stopped out again. If this happens, regroup, regather, reload. Stops are here for our protection and I do use them ;-)
For those long or short, be very careful trading here. Don't pick the low, and if you do, I educationally advise all those long, such as myself, to move that stop to break even. It's a dirty game. Apologies for that lack of clarity, it is just not present in the charts just yet. We need more price action, more data. Until then... Trader's choice.
longmoney
Note
Sorry everyone. Just realized my chart was not centered. I hate that with a passion. Apologies.Note
A quick update for the morning on ADA. Since I posted an ugly chart ;-)We will see how ADA handles this resistance
Note
Will definitely be adding on the retraceNote
Zoomed out for your viewing pleasure ;-)Note
I pulled the pitchfork out Note
Wrong chart omg. ApologiesNote
Profits will be taken soon. Good trade everyone ;-)New ADA chart will be posted soon
Trade closed: target reached
Closing it out everyone. Next time I will be sure to center the chart ;-)I'd like to see more wave structure to handle this beast. Until then, see you at the next chart.
Note
Coming soon. New ADA chart ;-)Note
No reload yet. Will be working on a new ADA TA. Should have it done soon...Trade closed manually
No more posts on this one. Wait for updates...
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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.