Hi All,
Observations:
> Looking at the structure, it makes plenty of sense that we have likely hit the top on this impulse being point 5
> The indicators on the Daily show a bearish divergence and the chart below showing the downward pressure
> Target 1 equates to the height of the Triangle
> We have had an upward parallel channel with a upward wedge on the last section, indicating a squeeze at the top
> The 21/50 EMA acting as support for ADA's upward trend
The following chart below demonstrates , with a possible wedge to demonstrate the squeeze to the top before dropping to the 0.5 or 0.618 fib retracement level.
8 HRLY chart > Downward pressure on the indicator
My thoughts:
Stay away from ADA going long at this point until we have further confirmaitons;
Please give me a like or tick for this post
Regards,
S.Sari
Observations:
> Looking at the structure, it makes plenty of sense that we have likely hit the top on this impulse being point 5
> The indicators on the Daily show a bearish divergence and the chart below showing the downward pressure
> Target 1 equates to the height of the Triangle
> We have had an upward parallel channel with a upward wedge on the last section, indicating a squeeze at the top
> The 21/50 EMA acting as support for ADA's upward trend
The following chart below demonstrates , with a possible wedge to demonstrate the squeeze to the top before dropping to the 0.5 or 0.618 fib retracement level.
8 HRLY chart > Downward pressure on the indicator
My thoughts:
Stay away from ADA going long at this point until we have further confirmaitons;
Please give me a like or tick for this post
Regards,
S.Sari
Nota
update: No change to the downward pressureNota
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Penerbitan berkaitan
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.