ADA - resistance will confirm dead cat or up trend
1.822 resistance. A break above would suggest the correction is over. A failure to break above would suggest a bear trap for Ada and the broader crypto class.
Trade active:
ADA, ETH, DOT and ofcourse XBT, are all at the sharp end of a consolidation wedge. Meaningful downside risk.
Prepare for a very ugly move, considerably lower.
At the same time, prepare for a resumption to the upside.
Leverage should be cut to zero. Direction is unpredictable.
Trade when the trend is more clear.
Prepare for a very ugly move, considerably lower.
At the same time, prepare for a resumption to the upside.
Leverage should be cut to zero. Direction is unpredictable.
Trade when the trend is more clear.
Trade closed manually
I am not a registered investment advisor. Nothing I say, or share, constitutes investment advice. Take responsibility for your risk and do your own research.
