ADA/USD on the daily chart.
Price flipped a rising resistance to support.
Price has retraced to the .5 fib level.
This coincides with an oversold trend in the RSI.
Price has smashed through simple moving averages.
SMA's sloping upward.
Targets overhead in purple based on fib extensions.
Risk:Reward: 1:9
NFA, do your own DD
Novice here.
Price flipped a rising resistance to support.
Price has retraced to the .5 fib level.
This coincides with an oversold trend in the RSI.
Price has smashed through simple moving averages.
SMA's sloping upward.
Targets overhead in purple based on fib extensions.
Risk:Reward: 1:9
NFA, do your own DD
Novice here.
Comment:
tp 1 reached