ADABTC Daily S/R| Bull Flag| Stoch Equilibrium| 200 EMA

BINANCE:ADABTC   Cardano / Bitcoin
Evening Traders,

Second analysis – ADABTC –breaking above Structural S/R, price acceptance at this level will be bullish .

Points to consider,
- Bullish Price Action
- Daily S/R Support
- 200 EMA Resistance
- Stochastics Equilibrium
- Declining Volume

ADABTC’s current price action is bullish , trading in a probable bull flag , This allows us to have a bullish bias on the market.

The Daily S/R is immediate support that is in confluence with the .618 Fibonacci. Price holding and respecting this level is a bullish bias.

Resistance is poised by the 200 EMA , breaking this will coincide with price hitting technical and validating the bull flag .

The stochastics is in a valid equilibrium, a break in either direction will coincide with price movement.

The volume profile is declining, this is indicative of an influx when testing key levels such as the Flag and Daily S/R resistance.

Overall, in my opinion, ADABTC is a valid long with defined risk, price action is to be used upon discretion/ management of trade
Hope this analysis helps

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