ADA / BTC - 21 April 2019 - HTF
Overview
ADA is currently in a strong downtrend - but it looks overstretched and soon a retracement should happen.
There is a nice confluence with the 70.50% Fib level and a demand zone (orange field). I also expect some reaction at the top of the blue area and the 61.80% Fib level.
Two targets
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
Please consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
- SE -
ADA is currently in a strong downtrend - but it looks overstretched and soon a retracement should happen.
There is a nice confluence with the 70.50% Fib level and a demand zone (orange field). I also expect some reaction at the top of the blue area and the 61.80% Fib level.
Two targets
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
Please consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
- SE -
Note
Note
Currently we see the reaction of the blue area as mentioned earlierNote
A far bigger reaction on the blue level than expected - will be interesting to see if BTC followsNote
Trade active
Note
Close to SL - will see how BTC reacts and then adjust itTrade closed: stop reached
Decided to not adjust - rules are rules ;)
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.