Momentum on the daily appears to be rolling to upside on many crypto assets and ADA is looking to be the same.
Price has filled in a large portion of a previous wick down in a long tedious down trend that appears to be forming a double bottom with bullish divergence on the daily momentum oscillator.
Current trading plan is a long entry with a wide stop loss of 4-5%.
First target will be 1/3 retrace of the last swing 14% higher at .278
Second target will be a 50% retrace of the last swing 25% higher at .3
A longer hold would be to the point of control on the volume profile 55% higher at .38
Price has filled in a large portion of a previous wick down in a long tedious down trend that appears to be forming a double bottom with bullish divergence on the daily momentum oscillator.
Current trading plan is a long entry with a wide stop loss of 4-5%.
First target will be 1/3 retrace of the last swing 14% higher at .278
Second target will be a 50% retrace of the last swing 25% higher at .3
A longer hold would be to the point of control on the volume profile 55% higher at .38
