Hi Traders,
Based on the recent events, I wasn't quick enough to get some posts out.
Based on this strong candle on the 8 hr and a bullish divergence, I entered and then was going to post this and my thoughts.
I believe the bottom for ADA is in but it doesn't mean its going to break this strong resistance time any soon.
It would be great but it might just stay a little longer above this 0.382 fib and below this red zone as BTC could possibly pull back (but I doubt it very much) to retest the weekly resistance at 59k mark.
Moving foreword, I would look at the 4 hr candle sticks to stay above this current level 1.10 and we already have the 1 hrly 13/50 ema x over.
And breaking the red line on the RSI on the 8 HRLY.
All the best,
S.SAri
Based on the recent events, I wasn't quick enough to get some posts out.
Based on this strong candle on the 8 hr and a bullish divergence, I entered and then was going to post this and my thoughts.
I believe the bottom for ADA is in but it doesn't mean its going to break this strong resistance time any soon.
It would be great but it might just stay a little longer above this 0.382 fib and below this red zone as BTC could possibly pull back (but I doubt it very much) to retest the weekly resistance at 59k mark.
Moving foreword, I would look at the 4 hr candle sticks to stay above this current level 1.10 and we already have the 1 hrly 13/50 ema x over.
And breaking the red line on the RSI on the 8 HRLY.
All the best,
S.SAri
Trade active
As expected, strong resistance by this red band.8 HRLY chart.
Has not fulfilled going long criteria yet.
I believe ADA will be here for some time doing the bottom re-accumulation thing and hence go with other coins who are yet to make big advances.
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This community has signals now but with no risk management comms.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.