Reasons to short ADA
1) Rejection of higher prices by the 200 MA (4 hr)
2) 2-day price action opened and closing below the previous 2-days
3) Candles did not crossed the downtrend line (pink) to be on bullish territory
4) RSI weakness
5) Bearish second leg candle pattern formation
Entry: 0.040
Exit: 0.029
Stop loss: 0.043
Potential gain 25%
1) Rejection of higher prices by the 200 MA (4 hr)
2) 2-day price action opened and closing below the previous 2-days
3) Candles did not crossed the downtrend line (pink) to be on bullish territory
4) RSI weakness
5) Bearish second leg candle pattern formation
Entry: 0.040
Exit: 0.029
Stop loss: 0.043
Potential gain 25%
Trade active
Potential target gain 35%Trade active
[Update] ADAUSD Moving downTrade active
[Update] ADA continues its down trajectoryTrade active
Update stop loss =40403Trade active
Going down, to the bottom, likely correlated with Altcoin's bottomTrade closed: target reached
Closing trade, time to move up :)
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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.
Related publications
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.