Few days ago I made an analysis on ADA. In this analysis I talked about the potential moves for ADA in the near future.
One of the moves I talked was a reversal from the top of the consolidation channel, which has now occurred.
A big reason for this strong bounce is the oversold RSI on the daily chart. Every time over the last months that the daily RSI dipped below 30, a strong bounce followed.
However, I'm not 100% convinced on the bullish direction yet. If we can close a daily candle above the $1.83 area (dotted line), I'm switching bullish.
Happy trading!
One of the moves I talked was a reversal from the top of the consolidation channel, which has now occurred.
A big reason for this strong bounce is the oversold RSI on the daily chart. Every time over the last months that the daily RSI dipped below 30, a strong bounce followed.
However, I'm not 100% convinced on the bullish direction yet. If we can close a daily candle above the $1.83 area (dotted line), I'm switching bullish.
Happy trading!
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🔥Premium Signals: fierytrading.com
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Penafian
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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.