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nautyblu
Jun 9, 2021 7:44 AM

ADAUSD double HAMMER and BULLS pressure !!  Long

KRAKEN:ADAUSD1D
Cardano / U. S. DollarKraken

Description

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Dear traders,

today it seems that the bulls are taking over but we have to wait for the daily close:

  • First step: If another HAMMER is printed beside that of yesterday we can reach the 1.8$ resistance zone,

Second step: in the follows wait for a break and volume confirmation to be sure that it will continue towards 2.35$

thanks for your reading and comments ;-)

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This is my view, not a trading advise, take care, do your research and put your stop loss.

Comment

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Now we see if the price closes above the second hammer formed yesterday we can expect a further rise.
Chart PatternsTechnical IndicatorsTrend Analysis
Comments
FeederGastro
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I think there's only 1 hammer, the second one hasn't formed yet, now looks like a spinning bearish candle. It's weird how none of the alts followed btc when it jumped 5%, if they only did that we could have a nice upward movement, but candles aside (and news!), I think everyone is waiting for btc to hit that 20k and below. Very strange
nautyblu
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@sirK3, as I said we wait for the clandle close to see if an hammer appears.
Agree about your observation on the BTC...still many BIG shorts are still not closed, they wait for 20k. Thanks for you comment! ;-)
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