Overview:
#ADA has been following a perfect harmonic pattern and has now completed it. On the 1-hour timeframe, a bullish divergence has formed, signaling potential upward momentum. But is it time to go long? Let's break it down.
Key Confirmation:
🔹 Harmonic pattern completion
🔹 Bullish divergence on 1H timeframe
🔹 Price respecting key support levels
🔹 The final confirmation? A break and close above resistance!
Trading Plan:
🔹 Entry: Wait for a 1-hour candle to close above resistance
🔹 Targets: TP-1: 0.78 and TP-2: 0.8250
🔹 Stop-Loss: Below recent swing low for proper risk management
What’s Your Take?
Do you think #ADA will break out or face rejection? Share your thoughts in the comments! Let’s discuss and trade smartly.
Follow for more trade ideas!
#ADA has been following a perfect harmonic pattern and has now completed it. On the 1-hour timeframe, a bullish divergence has formed, signaling potential upward momentum. But is it time to go long? Let's break it down.
Key Confirmation:
🔹 Harmonic pattern completion
🔹 Bullish divergence on 1H timeframe
🔹 Price respecting key support levels
🔹 The final confirmation? A break and close above resistance!
Trading Plan:
🔹 Entry: Wait for a 1-hour candle to close above resistance
🔹 Targets: TP-1: 0.78 and TP-2: 0.8250
🔹 Stop-Loss: Below recent swing low for proper risk management
What’s Your Take?
Do you think #ADA will break out or face rejection? Share your thoughts in the comments! Let’s discuss and trade smartly.
Follow for more trade ideas!
Trade active
Trade is active.Trade closed: target reached
Both TPs Hit due to the positive News. Hope everyone enjoy this ride. 
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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.
Related publications
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.