Two plans: 1) If we break the 0.236 fib level and the descending trend line, we should touch the 0.382 fib level. Buy on clean break on the descending trend line with volume around 11000 with a PT around 12500/14700. 2) If we break down from the local ascending trend line with large sell volume (or if BTC breaks down), I'm looking to short anywhere between 8500...
ADAUSD looks like it has hit its bottom. A retrace to 0.618 level isn't out of reach.
The daily chart seems to have reversed the bear run during the end of January to the start of March. The long term resistance trend line will need to be broken before running any higher. A clean break with volume would do the trick for a long term bull run however if a break lacks volume, it could be a warning sign of a bull trap. If it is rejected by the long...