altchicasignals
Short

ADA: SHORT THE RISING WEDGE

KRAKEN:ADAUSD   ADA / USD
ADA ANALYSIS:

ADA is another coin on a relief rally currently hitting the hourly resistance. ADA is also inside a strong rising wedge . With the current set up, it IS possible of a break UP and OUT of the wedge , which would be bullish up to .04. More so, im expecting this wedge to break down and fall back to create a known support closer to .022. The short targets are T1 at .027, T2 at .0261, T3 at .0244. RSI has bounced back significantly and ATR hit highs on this bounce. The bounce will give out to provide sellers another chance to knock it down. For those looking to play it safe, set BUY in bids near support!

Possible Short Entries: .0285-.030
Trade closed: target reached: WIN!
ADA/USD SHORT Hit Target 1!

+6.90% Profit!
Trade closed: target reached: WIN!
ADA/USD SHORT Hit Target 2!

+10.00% Profit!
Trade closed: target reached: WIN!
ADA/USD SHORT Hit Target 3!

+15.86% Profit!

Comments

I took i nice trade like this yesterday, down and up. i see we are having problems to break above 0.03. think you will go low again?
Reply
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