ADA has been in a squeeze for some time on the 4H chart and there's a possibility for a SHORT term profit if squeeze ends with an uptrend.
On the 4H chart you can see that MACD is starting to create a minor curve up, there's a slight increase in volume and RSI has been hovering around 48%-50%.
If the squeeze ends with a downtrend instead the price might move from 0.236% to the bottom support, a stop limit should be set below the lowest wick.
If squeeze results with an uptrend we can see some previous trade action going on just below 0.618%, this should be our optimal sell.
If all goes well a 20% profit is possible.
Stop limit should always be set in case the squeeze results in a downtrend and breaks the support!
On the 4H chart you can see that MACD is starting to create a minor curve up, there's a slight increase in volume and RSI has been hovering around 48%-50%.
If the squeeze ends with a downtrend instead the price might move from 0.236% to the bottom support, a stop limit should be set below the lowest wick.
If squeeze results with an uptrend we can see some previous trade action going on just below 0.618%, this should be our optimal sell.
If all goes well a 20% profit is possible.
Stop limit should always be set in case the squeeze results in a downtrend and breaks the support!
Dagangan ditutup: hentian tercapai
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.