ADA currently testing a daily supply level after a huge, 50% bullish push.
The push has had little to no retracement, showing bearish Divergence. Good chance it'll cool off from here.
The 3800 area provides a great spot to enter a long, as it's a likely spot for the bounce to come from.
50 fib. Daily EQ, 2 x 4H demand zones, and a strong 4H level all lie here.
Depending on how long it takes to get down, the weekly uptrend may be meeting them at the same time price does.
R:R is PHAT at 5:1.
I don't trade alts a whole lot, BTC is my specialty, so just 0.5R for me.
The push has had little to no retracement, showing bearish Divergence. Good chance it'll cool off from here.
The 3800 area provides a great spot to enter a long, as it's a likely spot for the bounce to come from.
50 fib. Daily EQ, 2 x 4H demand zones, and a strong 4H level all lie here.
Depending on how long it takes to get down, the weekly uptrend may be meeting them at the same time price does.
R:R is PHAT at 5:1.
I don't trade alts a whole lot, BTC is my specialty, so just 0.5R for me.
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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.