ADAUSDT is showing bearish divergence on MACD on 4 hourly chart with price action rounding off and no longer making HH. The last HH lower than the previous HH, signally a shift in momentum towards bearish trend.
For aggressive traders, bearish divergence and bearish engulfing is enough to short @ 0.53.
For conservation traders, wait for price action to break the trendline @ 0.50.
TPs are based on previous strong support zones.
For aggressive traders, bearish divergence and bearish engulfing is enough to short @ 0.53.
For conservation traders, wait for price action to break the trendline @ 0.50.
TPs are based on previous strong support zones.
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