Things are getting tight for ADA on the smaller time frames, which could set up a nice trade in either direction. Things to keep an eye on are the EMA and MA ribbons, as they will be acting as resistance. Shown below for reference https://www.tradingview.com/x/0kES2w9p/ https://www.tradingview.com/x/GPP7yVv0/ Potential trade setup: https://www.tradingview.com/x/tpxjlmps/ Looking to scale out at 1.48 (9.4%) on a long and 1.18 (6.5%) on a short. Be cautious of fake outs in either direction.
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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.