Reasons to short ADA
1) Rejection of higher prices by the 200 MA (4 hr)
2) 2-day price action opened and closing below the previous 2-days
3) Candles did not crossed the downtrend line (pink) to be on bullish territory
4) RSI weakness
5) Bearish second leg candle pattern formation
Entry: 0.040
Exit: 0.029
Stop loss: 0.043
Potential gain 25%
1) Rejection of higher prices by the 200 MA (4 hr)
2) 2-day price action opened and closing below the previous 2-days
3) Candles did not crossed the downtrend line (pink) to be on bullish territory
4) RSI weakness
5) Bearish second leg candle pattern formation
Entry: 0.040
Exit: 0.029
Stop loss: 0.043
Potential gain 25%
Trade active:
Potential target gain 35%
Trade active:
ADAUSD Moving down
Trade active:
ADA continues its down trajectory
Trade active:
Update stop loss =40403
Trade active:
Going down, to the bottom, likely correlated with Altcoin's bottom
Trade closed: target reached:
Closing trade, time to move up :)
