Overview
ADA is currently in a strong downtrend - but it looks overstretched and soon a retracement should happen.
There is a nice confluence with the 70.50% Fib level and a demand zone (orange field). I also expect some reaction at the top of the blue area and the 61.80% Fib level.
Two targets
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
Please consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
- SE -
ADA is currently in a strong downtrend - but it looks overstretched and soon a retracement should happen.
There is a nice confluence with the 70.50% Fib level and a demand zone (orange field). I also expect some reaction at the top of the blue area and the 61.80% Fib level.
Two targets
Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)
Please consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
- SE -
Comment:
Comment:
Currently we see the reaction of the blue area as mentioned earlier
Comment:
A far bigger reaction on the blue level than expected - will be interesting to see if BTC follows
Comment:
Trade active
Comment:
Close to SL - will see how BTC reacts and then adjust it
Trade closed: stop reached:
Decided to not adjust - rules are rules ;)