ADA is slowly setting up for a move. Looking for a short term retrace to setup an inverse head and shoulders pattern. Right now, 1 hour RSI has bearish divergence. This dip will reset the momentum and should setup for a big move. There will be several degrees of wave 3 starting at this time, so, I would expect something rather explosive. If it not coming out of the gate blazing, then something would not be right. It would be easier to set a stop loss. Right now, I will deploy a bit more capital on the upcoming dip to make the bag heavier.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.