ADABTC is situated into ascending channel which probably will make a breakdown because we are closed below ichimoku cloud resistance
RSI it s still going down which is another bearish sign
MACD just hitted the top of neutral zone -0- and from here probably will going down
STOCH Bear cross confirmed at 1D timeframe which is a huge huge bearish sign
Situated also in top of bollinger bands
Moneyflow still dropping also
After this 14.7% uptrend rally in my opinion we need to refuel a little bit,to retrace till 1181-1154 satoshi. I m don t enter into a short trade because ADA after 15 november they have metaplus partenership,cards will be released,byron testnet and probably shelley testnet at end of this year. I m personally will enter into a long position after and only IF we reach 1181 sats.
My target for ada(end of year) is 2050 sats.Mid/Longterm we are bullish
RSI it s still going down which is another bearish sign
MACD just hitted the top of neutral zone -0- and from here probably will going down
STOCH Bear cross confirmed at 1D timeframe which is a huge huge bearish sign
Situated also in top of bollinger bands
Moneyflow still dropping also
After this 14.7% uptrend rally in my opinion we need to refuel a little bit,to retrace till 1181-1154 satoshi. I m don t enter into a short trade because ADA after 15 november they have metaplus partenership,cards will be released,byron testnet and probably shelley testnet at end of this year. I m personally will enter into a long position after and only IF we reach 1181 sats.
My target for ada(end of year) is 2050 sats.Mid/Longterm we are bullish
Trade active:
First target reached
Trade closed: target reached:
second target hitted and also my buy orders. let s rock guuys!!