CardanoUpdated ADA Expanded Flat correction?
I am short-term bearish on ADA because, in the 15-minute timeframe, I can see a bearish divergence on the RSI. I will wait to see how it plays out before entering into a long position.
I am sharing my thought process on these market moves and adjust my analysis as the market evolves. This is not meant to be followed by others, as I am prone to mistakes like anyone else. Instead, I welcome feedback that can help me question and refine my analysis.
I am sharing my thought process on these market moves and adjust my analysis as the market evolves. This is not meant to be followed by others, as I am prone to mistakes like anyone else. Instead, I welcome feedback that can help me question and refine my analysis.
Note
If price moves to 0.4060, then I will enter into long position and my first target would be at 0.4280 and second target at 0.4360. My stop loss would be at 0.3893. As soon as i see an opportunity I will place my stop loss to breakeven.Order cancelled
I am not going to open that long position at 0.4060 because wave (iv) has entered into wave (i) territory, which means my analysis is wrong. I am now thinking there might be a flat correction forming, and I will wait for wave B to form before taking action.
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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.