One spot trade per day: Entry on D1 for ADA with W-M Structure
At the start of the week, I plan to buy ADA for the long term. I assess ADA’s bullish trend by analyzing the W, M, and 3M structures, and I see that ADA is poised to approach XRP levels. While ADA lacks strong data on the 3M chart, the W and M charts show solid growth potential.
I will hold ADA on spot around $1 and take profits when the W-frame adjusts downward after the first upward move.
I will apply the same strategy to other coins with similar structures, such as XRP and XTZ.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
Also on:
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.