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Short

ADAUSDT | 2H | Heikin Ashi Trading | Waiting for trend change

BINANCE:ADAUSDT   Cardano / TetherUS
Comments:

ADA fell 30% in 18 days. Man, that sucks.

There's no moving averages to bounce off of on the 2HR time frame so bottom support is .07072.

Still long red bear candles forming.

We need BTC to stop dropping and move sideways so we can get this ADA action going.

More info on the chart.


Comment: This is a lower time frame on the 1H, you see more action as your move in for a closer look. How you trade depends on how involved you want to be. You want to make 1-3% scalps, go to the battlefield on the 1M, 5M, 15M and duke it out. No walking away from the computer though unless you have a bot set up.

I see this hitting resistance with both moving averages hovering above. We shall see.
Comment: Few minutes later here I post a 30M chart. As you can see different from the 1H and 2H above, there's more action here. If you entered on the first green trend change candle, profits between 1-1.7%. These time frames are for the scalper that are watching and trading closely.

Still think that we will reject off the Purple and/or Blue Moving averages above. We shall see what's happening down at the 15M level. getting closer to ground zero = The battlefield
Comment: We are at 15M now. Well price broke above the Yellow MA
and is now breaking above the Blue MA
on the 15M. Lets see what happens.
If I was scalping, watch the candle change
which indicates rejection off the Pink and get ready to sell.

traders who bought the green buy signal on the 15M are in profit 2%. hummm

Comment: 5M - 3.74% Gains here for those who bought the Green buy candle.

So there you have it traders. I just took you from 2H timeframe all the way down to the 5Min to how the common pictures changes according to the TF you are trading in.

If you have time to scalp, do so at the 1M-15M, some say they can handle the 30M. or if you're busy, Higher time frame where there is less noise and less worry.

Thanks

Comment: 1M TF. almost 5% but if you traded at this level, ground zero, You could have been sweating bullets. Especially with the rejections and support that happened along the way. WHOA.

Comment: Back to the 2H. You see a bullish green candle with the script showing buy up. This candle has been forming for the past hour.
The previous candle before the green is a thin bodied red candle with wicks upper and lower.

Notice the trend change: The candles went from a red long body candle with wick lower to a red trend change candle. The fact that the candle went right into a green bullish candle indicates that there's been nice upward movement at the 5M-15M timeframes.

Back to the 2H. You see a bullish green candle with the script showing buy up. This candle has been forming for the past hour.

The previous candle before the green is a thin bodied red candle with wicks upper and lower.

Notice the trend change: The candles went from a red long body candle with wick lower to a red trend change candle. The fact that the candle went right into a green bullish candle indicates that there's been nice upward movement at the 5M-15M timeframes.

+1 Reply
Back to the 2H. You see a bullish green candle with the script showing buy up. This candle has been forming for the past hour.

The previous candle before the green is a thin bodied red candle with wicks upper and lower.

Notice the trend change: The candles went from a red long body candle with wick lower to a red trend change candle. The fact that the candle went right into a green bullish candle indicates that there's been nice upward movement at the 5M-15M timeframes.

+1 Reply
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