ADA heading to supply zone, possible 100%+ upside if holding
Updated
Goooood evening fellow traders!
Came across this setup on ADA and figured it would be interesting for you guys to see this.
ADA is currently trading rangebound, and not within some kind of TA pattern. ADA recently plotted a lower high (failed to gain a level) which is usually accompanied by a lower low before retesting. The green zone is my intended buy zone for spot and leverage, with my spot SL below the red line.
Targets is marked in orange and is based upon daily and weekly levels in combination with a (hidden) fib extension from the bottom. This is a fairly low risk trade with your SL being about 5% below the entry zone. As always I will keep updating the chart in case the sentiment change, so please be sure to leave a like to get updates.
Entry zone: 1040 to 1000sats.
SL 967sats.
Target 1: 1359sats
Target 2: 1499sats
Target 3: 1881sats
Sharing more targets if we get to that point.
See you later alligator!
If you like it and would like to receive future updates - Please, follow me on TradingView!
If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the current Fetch.ai trend and hopefully maximize your profits!
If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
Came across this setup on ADA and figured it would be interesting for you guys to see this.
ADA is currently trading rangebound, and not within some kind of TA pattern. ADA recently plotted a lower high (failed to gain a level) which is usually accompanied by a lower low before retesting. The green zone is my intended buy zone for spot and leverage, with my spot SL below the red line.
Targets is marked in orange and is based upon daily and weekly levels in combination with a (hidden) fib extension from the bottom. This is a fairly low risk trade with your SL being about 5% below the entry zone. As always I will keep updating the chart in case the sentiment change, so please be sure to leave a like to get updates.
Entry zone: 1040 to 1000sats.
SL 967sats.
Target 1: 1359sats
Target 2: 1499sats
Target 3: 1881sats
Sharing more targets if we get to that point.
See you later alligator!
If you like it and would like to receive future updates - Please, follow me on TradingView!
If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the current Fetch.ai trend and hopefully maximize your profits!
If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
Note
Unfortunately, ADA did not go down to the green buy zone. I already loaded up some in case we never were to hit the green zone, so I'm good for now. The bulls are trying VERY hard to break the level at 1228sats which you can see by the cluster on the chart. Also the fact that ADA never hit the green zone, is an indication of how bullish it is right now. If it breaks, I'm expecting 1360sats to be the next target for ADA. Take care
Note
ADA never really got into the preferred buy zone, but you should have already entered around 1100sats, and it's currently entering take profit zone 1 at about 1350sats. I expect a retrace, and how low the retrace takes us will determine how bullish ADA is on the mid-term. I will update you if we break of reject the level. Note
ADA hit TP2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.