Looks to me like ADA will eventually test the support at .34 and possibly lower and id sprinkle some orders at this area.
Meanwhile id be patient and ignore any relief-rally dead-cat bounce bulltraps no matter how good they seem.
Meanwhile id be patient and ignore any relief-rally dead-cat bounce bulltraps no matter how good they seem.
Note
These two are the same moves . "Bump and run reversals". They are speculate patterns which start off flat for a few months and then ramp up suddenly at very high angles 
Note
the minimum target down is the point of intersection between the two lines as in the example below 
Note
This also means in the current case the * Minimum * move down will have to be the intersection at .34.As I have not seen .34 hit yet this is a red flag for me to be on the alert for Bulltraps as the bottom has not been hit yet.
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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.