BINANCE:ADAUSDT Hello everyone. As we can see : - 3 crew candles ( means to open long - Bearish engulfing candle - Bearish MACD on multiple timeframes - Stochastic is being bullish - Divergence on 28 September - Helical indicator is being bullish slightly - Fibonacci reach 0 on 2H timeframe and a bullish retracement on 4H timeframe
We mentioned every possible movement for ADA now ! It seems bullish but its better to wait for a confirmation, If its pullback from current support line the its safe to open long ! Also we mentioned 2 long movement because of liquidity pool. Dont forget that ADA is not a stable coin and technical analysis wont make the correct decision !
Attention : this is not a financial advise we just try to help people on their own vision.
VPVR is usuefull with 2h, 4h timeframes? I watched a tutorial talking about just use this for daily or higher time frames.. Thanks for the analyse!
Helical_Trades
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@romulosas, we only use it to scan trend lines, also you can use visible range and double Fib retracement to find all trend lines !
to your question.. : Yes its not very useful in lower timeframes than daily, But it is the fastest way to find recent resistance or supports.
the only thing that you need to do is searching for biggest drops !
If you have more question, feel free to ask !
you can DM my telegram account ( located on signature ) for more options.