The fall from 0.101 on ADA shows a clear sequence of three waves, labelled a, b and c circled yellow. This implies the fall is only a correction in an ongoing bull trend. The low is just below our 0.068 horizontal support and is above the white trendline, lower boundary of its actual bull trend. With a technical showing a clean bullish divergence, all this make current level attractive and a potential bottom for the current fall.
A trade above 0.08 is a first positive sign a new leg up is underway.
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A trade above 0.08 is a first positive sign a new leg up is underway.
The TTH team is pleased to announce the grand opening of its Slack team. You will share trading ideas with our community, improve your trading skills, benefit from live intraday technical analysis and strategies. Video sessions with TA teaching and concrete cases are on the agenda too.
Welcome bonus with a free trial
Link to the : Slack team
If you want a preview of our analyses,
follow us on Twitter
follow us on : Facebook
follow us on : LinkedIn