After hitting the 88.8% retrace at the pcz of the harmonic, ada developed bullish divergence on the daily and 4h. It has now broken out of the descending channel and confirmed the breakout of the descending triangle on the 4h. Will be watching PA on smaller timeframes to add or close my position and will update on my actions on this.
My avg entry: 1.24
Targets: 1.47, 1.76
Invalidation point: Breakdown under support zone.
My avg entry: 1.24
Targets: 1.47, 1.76
Invalidation point: Breakdown under support zone.
Note
FIRST TP TAKEN IN LESS THAN 2 DAYS, 338%!!Will look to add to my position on a retracement here as I expect it to slow down around this price for a couple of days, 1.36 is a key area where I could add again
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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.