Hello TradingView Family, this is Richard, if you like the idea, do not forget to support with a like and / or comment.
After weeks of consolidation, the bulls are finally taking over.
ADA formed a wedge bullish reversal pattern in red and broke it upward indicating a potential reversal.
However, for the buyers to take full control we need to see a break above the entire range.
As a conservative approach, I am personally waiting for a Daily candle close above the upper bound / green area to add more longs.
Always follow your trading plan regarding entry, risk management, and trade management.
What do you think? are we going to see that break soon?
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
After weeks of consolidation, the bulls are finally taking over.
ADA formed a wedge bullish reversal pattern in red and broke it upward indicating a potential reversal.
However, for the buyers to take full control we need to see a break above the entire range.
As a conservative approach, I am personally waiting for a Daily candle close above the upper bound / green area to add more longs.
Always follow your trading plan regarding entry, risk management, and trade management.
What do you think? are we going to see that break soon?
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich