ADA SHORT bear div 4H
Updated
Low time frame indicates descending triangle.
4H show bearish div.
Great opportunity to short ADA target is the bottom of the wedge. Don't think this will break on the first run.
Note
Trade active
The 4H support was not broken yet.
Small TF(15min) shows a horizontal symmetrical triangle. Breakout can happen in any direction with volume.
Watch out for fake moves.
Trade active
A bounce off the 2 fib, not very strong 1.618 should be stronger TP.Note
Forming a right angled descending broadening formation.
Low TF show we are going up.
Note
As mentioned 1.618 strong supportbull div on the 3min also volume pretty good
Trade closed manually
getting ready for new position
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