Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
ADA is now trading above the 12 and 21MA but still below its 50MA.
What's happening next?
ADA could get rejected by the 50MA, and if it does then the level of retracement could be towards the 12MA.
If ADA manages to push past its 50MA, then the level to watch out for is $1.4370 at the 23.6% Fib.
Further upside price movement could take ADA towards the 38.2% Fib @ $1.7546, towards the resistance trend line of this Horizontal Broadening Wedge.
The measured move price target for this Horizontal Broadening Wedge is at the Golden Pocket between $2.2682 and $2.3378
Stoch RSI (1Wk): Oversold Region, Crossed Bullish.
MACD: Bullish Divergence
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
ADA is now trading above the 12 and 21MA but still below its 50MA.
What's happening next?
ADA could get rejected by the 50MA, and if it does then the level of retracement could be towards the 12MA.
If ADA manages to push past its 50MA, then the level to watch out for is $1.4370 at the 23.6% Fib.
Further upside price movement could take ADA towards the 38.2% Fib @ $1.7546, towards the resistance trend line of this Horizontal Broadening Wedge.
The measured move price target for this Horizontal Broadening Wedge is at the Golden Pocket between $2.2682 and $2.3378
Stoch RSI (1Wk): Oversold Region, Crossed Bullish.
MACD: Bullish Divergence
Always remember to place your Stop Loss.
Price action is KING!
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
