2h time frame
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From our previous ADA analysis, we mentioned the long-term trendline was broken out.(ref.1)
Currently, ADA is creating a potential triangle structure because every waves satisfied Fibonacci Retracement so far, which increases the triangle possibility. Further consideration is what kind of triangle here, uptrend continuation or reversal structure. Taking trendline breakout into account, see this triangle as continuation structure is better, and we might see one more test on triangle bottom.
TP: 0.28 / 0.29~0.3
SL: 0.2515
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ref.1
-
From our previous ADA analysis, we mentioned the long-term trendline was broken out.(ref.1)
Currently, ADA is creating a potential triangle structure because every waves satisfied Fibonacci Retracement so far, which increases the triangle possibility. Further consideration is what kind of triangle here, uptrend continuation or reversal structure. Taking trendline breakout into account, see this triangle as continuation structure is better, and we might see one more test on triangle bottom.
TP: 0.28 / 0.29~0.3
SL: 0.2515
-
ref.1
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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.