Hey guys,
I thought I would share my plan for ADA for the next week.
We have seen a little double bottom after a quite a downward trend with the RSI now sitting nicely in the mid-range I thought it was worth a review. the MA are still yet to be stacked in the right order (yes I order mine as RGB) but I think by the end of today we will see that happen with the 100MA to follow suit. Once these are stacked and we see some divergence between those indicators I expect we should have a nice upward trend for a while. Bumps expected.
My targets are aligned with weekly pivot points, which also align with some significant historical PP as well. Once my final tgt is met, I will review my position for a longer-term commitment.
My aims are:
(assume all numbers are prefixed with 0.0000xxxx)
Buy in between 4250-4400 as long as the above criteria are met.
Initial Stop-loss @ 4000 adjusted once targets are met to value of previous target
Target One: 4750
Stop-Loss: 4400
Target Two: 5200
Stop-Loss: 4750
Target Three: 5500
Stop-Loss: 5200
I thought I would share my plan for ADA for the next week.
We have seen a little double bottom after a quite a downward trend with the RSI now sitting nicely in the mid-range I thought it was worth a review. the MA are still yet to be stacked in the right order (yes I order mine as RGB) but I think by the end of today we will see that happen with the 100MA to follow suit. Once these are stacked and we see some divergence between those indicators I expect we should have a nice upward trend for a while. Bumps expected.
My targets are aligned with weekly pivot points, which also align with some significant historical PP as well. Once my final tgt is met, I will review my position for a longer-term commitment.
My aims are:
(assume all numbers are prefixed with 0.0000xxxx)
Buy in between 4250-4400 as long as the above criteria are met.
Initial Stop-loss @ 4000 adjusted once targets are met to value of previous target
Target One: 4750
Stop-Loss: 4400
Target Two: 5200
Stop-Loss: 4750
Target Three: 5500
Stop-Loss: 5200
Note
Trades now testing the 50MA lines as it descends into position. Buying positions could be this afternoon, will wait for a few candle to close about the 50MA before beginning my trades.
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.
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.