Short Term Opportunity for ADA Traders
Overview
Adding one more idea in support of my earlier published idea where in coming weeks we could see ADA challenging its rival Resistance level at 1.47 zone. Until we reach to that point, sharing a short term opportunity that we all can be benefit from.
Trend
On a 4 hourly chart, ADA is moving in a descending parallel channel (RED lines) and on a much lesser time frame it is moving in a upward trend (marked in Blue lines).
Whats expected in coming hours?
ADA to keep moving in an upward trend and touch 1.21 (Zone A). Good to go SHORT from here.
Whats expected in coming Days?
Once ADA reaches Zone A, it will also hit its Resistance and will be forced to come down to 1.14 (Zone B). Once it reaches Zone B, it should again try to bounce back to hit its Resistance level and potential breaking it to reach Zone C. This would be a beautiful LONG opportunity with potential profit of 8%. Entry Price and Stop Loss are also marked on the chart.
If you like the analysis then please do LIKE and SHARE it with your friends who would be benefited by this.
NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely. Also Keep an eye on BITCOIN, when he's not in good mood he tends to fall on all coins ;)
Adding one more idea in support of my earlier published idea where in coming weeks we could see ADA challenging its rival Resistance level at 1.47 zone. Until we reach to that point, sharing a short term opportunity that we all can be benefit from.
Trend
On a 4 hourly chart, ADA is moving in a descending parallel channel (RED lines) and on a much lesser time frame it is moving in a upward trend (marked in Blue lines).
Whats expected in coming hours?
ADA to keep moving in an upward trend and touch 1.21 (Zone A). Good to go SHORT from here.
Whats expected in coming Days?
Once ADA reaches Zone A, it will also hit its Resistance and will be forced to come down to 1.14 (Zone B). Once it reaches Zone B, it should again try to bounce back to hit its Resistance level and potential breaking it to reach Zone C. This would be a beautiful LONG opportunity with potential profit of 8%. Entry Price and Stop Loss are also marked on the chart.
If you like the analysis then please do LIKE and SHARE it with your friends who would be benefited by this.
NOTE: These are my personal notes and in no way a financial advice. Do your own research and trade wisely. Also Keep an eye on BITCOIN, when he's not in good mood he tends to fall on all coins ;)
Trade active:
ADA reached zone A and now preparing to go down
Trade active:
As expected, ADA reached Zone B. Now lets see by when it reaches Zone C
Trade closed: target reached:
ADA touched 2 of 3 targets.
Trade closed: target reached:
Target 3 of 3 reached. Zone C touched and smashed
