If ADA breaks below 0.85 I believe the next level of support will be @ 0.78 - this price level acted as resistance and was the Weekly high on 3 x occassions. Thus it is assumed that resistance will flip into support.
Bearish div. Suggests a move down as well as a break in the uptrend.
Entry @ 0.79
TP 1: 1.13
TP2: 1.43
TP3: 2.00
You could take a small short position now and profit in the event that price does start to retrace to 0.78 (ish)
Bearish div. Suggests a move down as well as a break in the uptrend.
Entry @ 0.79
TP 1: 1.13
TP2: 1.43
TP3: 2.00
You could take a small short position now and profit in the event that price does start to retrace to 0.78 (ish)
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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.