ADA - Weekly
% Price is on uptrend and broke the symmetrical triangle and the weekly resistance.
% Price found resistance at Fib Extension level 0.786 and tested as support.
% RSI shows overbought condition and Classic bearish divergence while trying to breakout of the descending channel.
% MacD: Histogram shows a uptrend and reaching the red resistance.
% Profit taking areas: Fib Ext 1 = $3.1766 and 1.618 = $4.506
% Re Entry areas: Since the price is at middle or end of the phase 1 of uptrend;
# Short Trades: Fib Ext 0.618 = $2.35
# Long Trades: $2.08 - $1.82
% Price found resistance at Fib Extension level 0.786 and tested as support.
% RSI shows overbought condition and Classic bearish divergence while trying to breakout of the descending channel.
% MacD: Histogram shows a uptrend and reaching the red resistance.
% Profit taking areas: Fib Ext 1 = $3.1766 and 1.618 = $4.506
% Re Entry areas: Since the price is at middle or end of the phase 1 of uptrend;
# Short Trades: Fib Ext 0.618 = $2.35
# Long Trades: $2.08 - $1.82
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