ADA/USD
Updated
Bullish div on the H4 RSI with a breakout through downtrend resistance on the PA. H4 ADX & DI turning the corner with a bullish cross.
D1 Stoch RSI just bottomed out, D1 Money Flow Index approaching bottom, expect to see green here imminently.
Validation on breakout from the triangle, targets in green.
Tight S/L just below the 0.5 retrace, with a rebuy on a bounce at or just above the 09/23 swing low at $0.075.
D1 Stoch RSI just bottomed out, D1 Money Flow Index approaching bottom, expect to see green here imminently.
Validation on breakout from the triangle, targets in green.
Tight S/L just below the 0.5 retrace, with a rebuy on a bounce at or just above the 09/23 swing low at $0.075.
Comment
Zooming in a bit, looking at this downtrend breakout from two perspectives (wick tops and most touchpoints) we see a little uncertainty at each chance to flip the downtrend as support. Risky to open a trade here without using a breakout from the triangle (ideally flipping it as support) as validation!
Comment
Rejected at the .382 retrace. Volume is picking up, though. This is probably going to move. Comment
Pushed through the .382 and stopped at the downtrend. Getting close. Comment
Got the breakout we wanted. Small retrace is imminent. Will be opening a position here shortly. 
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.