Good volume and a decent wick on that rejection candle at .352
ADA sitting in a potential buy zone, might see it target .116 area
From there we wait and see if it breaks lower or finds support and breaks the down trend
ADA broke the downtrend and is forming an ascending wedge on the Daily and 4HR chart.
On the 4HR timeframe we can see that the market would have a move down followed by a retrace, if the retrace fails, we can expect the price to move down (which we see on this chart). We can expect to see a retrace made and will have to monitor how the market behaves at that level. I expect the price to have a large move down after that retrace, especially given...
Looking at EURUSD on the 4HR. Price has been moving in an ascending channel and just recently bounced off the upper bound. Looking for retrace to previous levels and attempting to catch the bounce.