Bearish on #ADAUSD for potential $0.22-0.28 target
Super Algorithm Indicator has called bearish on #cardano using a 3day timeframe.
A potential target is the $0.22-0.28 green demand zone /area marked on the chart.
The Kumo Ichimoku cloud is potentially attracting the price for an edge-to-edge. The demand zone at $0.22-0.28 may be strong as there were quite a few significant green volumes above average when the price was there previously.
As the green Chiku line is in front of large candles, I expect some considerable struggle for the price to go up in the next 5 to 6 days. It gives enough strength for the price to drop below the red tenkan line for the e2e to happen. The green demand zone will likely start to attract the price once the price goes below the Kumo cloud.
Realize it is not for scalping or day trading. It is a positional trade, and I expect to hold this short trade for weeks or months before the final target if possible. The last bullish alert from the indicator produced a massive gain, as you can see on the chart.
A potential target is the $0.22-0.28 green demand zone /area marked on the chart.
The Kumo Ichimoku cloud is potentially attracting the price for an edge-to-edge. The demand zone at $0.22-0.28 may be strong as there were quite a few significant green volumes above average when the price was there previously.
As the green Chiku line is in front of large candles, I expect some considerable struggle for the price to go up in the next 5 to 6 days. It gives enough strength for the price to drop below the red tenkan line for the e2e to happen. The green demand zone will likely start to attract the price once the price goes below the Kumo cloud.
Realize it is not for scalping or day trading. It is a positional trade, and I expect to hold this short trade for weeks or months before the final target if possible. The last bullish alert from the indicator produced a massive gain, as you can see on the chart.
Trade closed manually:
Closed early when the Aladdin indicator went bullish. Took profit early
For guides on how to use the Aladdin indicator or how to buy it, please check joy-bangla.gitbook.io/aladdin/