ADA UPDATE TREND ANALYSIS!! <LONG><TERM>
So from what I can see on the 15min time frame we are indeed going to go up for a bit I think we may reach the 78.6% resistance line before another short pull back occurs but anything can happen with all of the instability going on with Bitcoin and all of the scarcitty in the markets right now in general. Proceed w/ Caution and take profits accordingly because you never know when a reversal is coming considering ADA did sell off past the 61.8% support on the daily chart which is usually a #1 indicator the trend is over.
This is not financial advice only my humble opinion on what I see with the tools that I know for trading.
I have been trading for a few years and I do like to think I am pretty profitable at it. I learned from a lot of BIG losses and never aloud the losses to discourage me from learning more and more. I still study everyday on new strategies , new indicators & ALWAYS pay attention to the fundamentals of today's world it effects the markets more then anything if you ask me.
As always,
Happy Trading & Never Trade Leverage!!
This is not financial advice only my humble opinion on what I see with the tools that I know for trading.
I have been trading for a few years and I do like to think I am pretty profitable at it. I learned from a lot of BIG losses and never aloud the losses to discourage me from learning more and more. I still study everyday on new strategies , new indicators & ALWAYS pay attention to the fundamentals of today's world it effects the markets more then anything if you ask me.
As always,
Happy Trading & Never Trade Leverage!!
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