RSI has cooled down. Was it a shake out? Back up we go?
Entered long and will move stop loss accordingly. Was it just a shake out? ADA/USD pairing seems to hinge very heavily on BTC and ETH/USD price. Ultimately, how the top 2 marketcap coins perform dictate the direction.
See Divergence Indicator at the bottom of the chart. The 1 Hour, 4 Hour and 1 Day divergence print outs have been telling of which way we go.
Lower timeframes are overbought so a possible pullback also or continuation of sell off. Asian markets open in 2 hours so let us see.
See Divergence Indicator at the bottom of the chart. The 1 Hour, 4 Hour and 1 Day divergence print outs have been telling of which way we go.
Lower timeframes are overbought so a possible pullback also or continuation of sell off. Asian markets open in 2 hours so let us see.
Comment:
Very nice 30% profit now. I'll move stop loss to profitable levels like 20%.
Comment:
Hourly needs to cool down so a likely correction is incoming before another run up or down.
