ADA Ready ! Descending Triangle, Elliot WAVE, MACD, RSI
Hey, i can see strong resistance on daily and strong support forming a triangle. We should wait to see if there is a breakout.
On 2 hr chart, descending triangle, elliot wave, i think that we are finishing D wave, E wave is soon coming. If we are going bullish, we will break the descending triangle and then break the daily resistance. If we do that we can expect a nice run and start 5 elliot wave to create the third wave on daily chart.
I already entered.
Put a stop loss under the support of triangle if you want.
I'm expecting a run if bullish to 3500 sat !
RSI is very low on daily and 4 hrs chart.
MACD is indicating a bullish divergence.
On 2 hr chart, descending triangle, elliot wave, i think that we are finishing D wave, E wave is soon coming. If we are going bullish, we will break the descending triangle and then break the daily resistance. If we do that we can expect a nice run and start 5 elliot wave to create the third wave on daily chart.
I already entered.
Put a stop loss under the support of triangle if you want.
I'm expecting a run if bullish to 3500 sat !
RSI is very low on daily and 4 hrs chart.
MACD is indicating a bullish divergence.
Trade active:
Here we go, let's hope the volume is coming
Be careful.. check also the volume. If it breaks with a good volume, it means it has some strengh with it