TLDR:
• ADA is sending mixed signals that make it a low confidence trade, IMO.
• Overall, it is still in consolidation without a sign of bullish breakout, yet.
Positive Signals:
1. ChoCh on the 4H timeframe
2. ADA climbed above the 21 & 50 4H EMA on the 4H timeframes.
Negative Signals:
1. Bearish divergence on the 4H RSI.
2. PA is corrective without a clear rejection of lower prices.
3. Low volume is typical of a consolidation, not a breakout.
Next Steps:
• IMO, ADA will continue to consolidate before it pushes to the upside.
• Even if we consider that ADA achieved ChoCh on the 4H another pullback to the demand zone is still likely, IMO.
• A push up above 0.29 USD with volume will make me more confident about a breakout.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
• ADA is sending mixed signals that make it a low confidence trade, IMO.
• Overall, it is still in consolidation without a sign of bullish breakout, yet.
Positive Signals:
1. ChoCh on the 4H timeframe
2. ADA climbed above the 21 & 50 4H EMA on the 4H timeframes.
Negative Signals:
1. Bearish divergence on the 4H RSI.
2. PA is corrective without a clear rejection of lower prices.
3. Low volume is typical of a consolidation, not a breakout.
Next Steps:
• IMO, ADA will continue to consolidate before it pushes to the upside.
• Even if we consider that ADA achieved ChoCh on the 4H another pullback to the demand zone is still likely, IMO.
• A push up above 0.29 USD with volume will make me more confident about a breakout.
NFA.
What do you think? Please share in the comments.
Best wishes to all.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.