• Between June 10th to June 22nd ADA was trading in a range between the 0.25 – 0.29 USD.
• During the weekend (Since June 22nd) ADA broke above the previous range high and tested it as support.
• The New trading range is compressed between the 0.2857 – 0.305 USD. IMO, this tight range has to breakout to the up or downside.
• Big picture, I am assuming that ADA will move higher.
• Short term, I am on the lookout for a liquidity grab to the downside before an upward move. Trading crypto makes you suspicious…
• This week, Fed Chairman Powell is scheduled to speak on June 29th and the 30th. This could be a perfect opportunity to generate volatility. Just be aware.
• It is possible that ADA will drop lower but IMO, it is not likely to drop below the previous range low. You could possibly take a long trade from the current range-low (0.285), but your SL should be wide.
Trade Idea:
This is a long-term swing trade. Long-term I am expecting ADA to make a recovery and reach the 0.46 level at least. If This trade is stopped out, I will probably try again lower.
• Entry: 0.278 USD.
• SL: 0.27 USD.
• Target: 0.46 USD.
• TP: 0.32, 0.37, 0.42, 0.46 USD.
NFA
What do you think? Please share in the comments
Best wishes to all.
• During the weekend (Since June 22nd) ADA broke above the previous range high and tested it as support.
• The New trading range is compressed between the 0.2857 – 0.305 USD. IMO, this tight range has to breakout to the up or downside.
• Big picture, I am assuming that ADA will move higher.
• Short term, I am on the lookout for a liquidity grab to the downside before an upward move. Trading crypto makes you suspicious…
• This week, Fed Chairman Powell is scheduled to speak on June 29th and the 30th. This could be a perfect opportunity to generate volatility. Just be aware.
• It is possible that ADA will drop lower but IMO, it is not likely to drop below the previous range low. You could possibly take a long trade from the current range-low (0.285), but your SL should be wide.
Trade Idea:
This is a long-term swing trade. Long-term I am expecting ADA to make a recovery and reach the 0.46 level at least. If This trade is stopped out, I will probably try again lower.
• Entry: 0.278 USD.
• SL: 0.27 USD.
• Target: 0.46 USD.
• TP: 0.32, 0.37, 0.42, 0.46 USD.
NFA
What do you think? Please share in the comments
Best wishes to all.
매매 수동청산
I don't like the reaction to the demand zone. Demand is weak and it may to the lower demand zone.노트
SL is at entry. whatever will be will be
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.