On the daily chart ADA is in a huge falling wedge and we are near its resistance. The volume is looking good but we have a hidden bearish divergence on RSI which is a sign of trend continuation and the price just got rejected at the 0.65. This is a good shorting opportunity with SL slightly above the 0.65 because you don't want to get caught on the wrong side if ADA breaks the wedge.
Comment:
Comment:
Trade the breakout. Very easy.
4H chart. Looks good for a short.