ADA: AB=CD Pattern - 1hr Time Frame
Analysis Overview:
#ADA has recently shifted from a Bullish trend to an downtrend, forming Lower Lows (LLs) and Lower Highs (LHs) on the Small timeframe. Currently, #ADA is developing an AB=CD pattern, signaling a potential continuation of the bullish momentum.
Key Observations:
✅ Uptrend Confirmation: Price action is forming consistent HHs and HLs.
✅ AB=CD Pattern: Price is aligning with the classic harmonic formation.
✅ No Bearish Reversal Signs: No significant bearish divergence or trendline break.
✅ Entry Strategy: Waiting for HLs to form and price to complete the AB=CD structure.
Trade Plan:
🔹 Entry: At the completion of the HL and AB=CD pattern.
🔹 Stop-Loss: Below the previous HL to minimize risk.
🔹 Take-Profit: Near key resistance levels or Fibonacci extensions.
🔹 Risk Management: 1:2 or higher risk-to-reward ratio.
Conclusion:
If the AB=CD pattern completes successfully, we can expect #ADA to continue its bullish move. However, waiting for confirmation and applying proper risk management is crucial to avoid potential reversals.
📊 Let me know your thoughts in the comments! Do you see any additional confluence?
#ADA has recently shifted from a Bullish trend to an downtrend, forming Lower Lows (LLs) and Lower Highs (LHs) on the Small timeframe. Currently, #ADA is developing an AB=CD pattern, signaling a potential continuation of the bullish momentum.
Key Observations:
✅ Uptrend Confirmation: Price action is forming consistent HHs and HLs.
✅ AB=CD Pattern: Price is aligning with the classic harmonic formation.
✅ No Bearish Reversal Signs: No significant bearish divergence or trendline break.
✅ Entry Strategy: Waiting for HLs to form and price to complete the AB=CD structure.
Trade Plan:
🔹 Entry: At the completion of the HL and AB=CD pattern.
🔹 Stop-Loss: Below the previous HL to minimize risk.
🔹 Take-Profit: Near key resistance levels or Fibonacci extensions.
🔹 Risk Management: 1:2 or higher risk-to-reward ratio.
Conclusion:
If the AB=CD pattern completes successfully, we can expect #ADA to continue its bullish move. However, waiting for confirmation and applying proper risk management is crucial to avoid potential reversals.
📊 Let me know your thoughts in the comments! Do you see any additional confluence?
Nota
Wait for the break of the resistance. ADA have still potential to move uptrend. Dagangan aktif
trade is activeDagangan ditutup: hentian tercapai
SL Hit.
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.