This thread correlates with my linked BTC thread and is all on the back of BTC having a bounce. I think there is a reasonable chance BTC has a fast fakeout slump before the bounce but allowing for that with a wide stop on ADA - here is my setup.
ADA seems an obvious choice to trade for a bounce:
Target is the 0.618 retracement area $2.13 up to $2.4 for overshoot, but if it gets there I might let some of the trade run a bit and wait for sign of reversal.
Not advice.
ADA seems an obvious choice to trade for a bounce:
- Currently it sits in the green support channel that has previously held price well.
- Daily RSI is overbought and showing some bullish divergence.
- MACD is curling up with histogram moving above the 0 point.
- Inside fibonacci projection (1:1) hits current support area and good chance is a sign of reversal.
Target is the 0.618 retracement area $2.13 up to $2.4 for overshoot, but if it gets there I might let some of the trade run a bit and wait for sign of reversal.
Not advice.
Not
On 3 day chart ADA has lowest RSI since March 2020 and lowest MACD ever.Not
Looks like ADA is breaking out here.
Broker I use: Vantage ✨
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Broker I use: Vantage ✨
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
vigco.co/la-com-inv/8g5DVv78
Private Group | $50/month 💡
Contact | t.me/ThinkFastTrading
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.