Short
ADA Short
ADA recently changed market structure, posting a LH,LL after a 55% run up.
The 50 Fib of the recent push down lines up with the support line of the descending triangle previously formed before the breakdown, so I've placed a short here as it seems a logical place for a retrace before a continued move down.
The 50 Fib of the recent push down lines up with the support line of the descending triangle previously formed before the breakdown, so I've placed a short here as it seems a logical place for a retrace before a continued move down.
Order cancelled
Entry not hit, orders removed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.