Hello everyone, let's take a look at the ADA to USDT chart over the 4 hour timeframe. As you can see the price tried to break the downward trend line but unfortunately fell just below it.
Let's start by setting short-term stop losses, as you can see
SL1 - $ 0.5296,
SL2 - $ 0.5048,
SL3 - $ 0.4801
and
SL4 - $ 0.4429.
Now let's move on to identifying the goals that we should consider in the coming hours:
T1 - $ 0.5936,
T2 - $ 0.6520,
T3 - $ 0.7122,
and
T4 - $ 0.7971.
Looking at the CHOP indicator, we can see that in the 4H range, energy starts to rise again, while the MACD indicator shows an uptrend.
Let's start by setting short-term stop losses, as you can see
SL1 - $ 0.5296,
SL2 - $ 0.5048,
SL3 - $ 0.4801
and
SL4 - $ 0.4429.
Now let's move on to identifying the goals that we should consider in the coming hours:
T1 - $ 0.5936,
T2 - $ 0.6520,
T3 - $ 0.7122,
and
T4 - $ 0.7971.
Looking at the CHOP indicator, we can see that in the 4H range, energy starts to rise again, while the MACD indicator shows an uptrend.
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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.
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.