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ADAUSD H16: 1.30/1.30 TP BEARS / correction MODE(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. NOT a setup to SHORT ADAUSD. Just showing signs of weakness and recommend to stay out of this market into the correction MODE.
🔸 Summary and potential trade setup ::: ADAUSD H16 chart review ::: not a great looking chart ::: upside capped by recent ATH ::: price/ RSI div very clear on D1/H16 TF ::: expecting correction/pullback mode ::: pullback required to attract ::: new buyers from the lows ::: 20-40% pullback possible next ::: 4-8 weeks in October/November 2021 ::: right now limited upside ::: position traders should wait for ::: better entry prices later after ::: correction will complete in October/Nov 2021 ::: target BEARS is 1.30/1.40 USD ::: also overextended right now ::: BULLS remain on sidelines and ::: be ready to BUY LOW later ::: recommended strategy: STAY OUT / LIMITED UPSIDE ::: NOT A TRADE SETUP ::: bull run not over yet stay tuned ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: BEARS/CORRECTION
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