After making a new ATH ADA corrected and started consolidating inside a falling wedge.
It tried to break out but there wasn't enough conviction for an explosive move so instead we have started to form a new sideways trend where we are bouncing between different support and resistance levels and potentially are in another smaller wedge.
200EMA is acting as resistance but looks to be getting weaker. Crossover of 50ema above the 200EMA and a close above it with a bit of volume would be a good swing trade entry, safer entry would be a break of the diagonal local resistance (black line).
Not financial advice.
It tried to break out but there wasn't enough conviction for an explosive move so instead we have started to form a new sideways trend where we are bouncing between different support and resistance levels and potentially are in another smaller wedge.
200EMA is acting as resistance but looks to be getting weaker. Crossover of 50ema above the 200EMA and a close above it with a bit of volume would be a good swing trade entry, safer entry would be a break of the diagonal local resistance (black line).
Not financial advice.
ملاحظة
might not be done correcting yet. local support at 1.95 is getting retested many times this could lead to another quick wick down to 1.80 where the daily 200 ema is. Potentially 1.65 - 1.70 area which would be a good entry point to take a longتم فتح الصفقة
Beautiful bounce from weekly support going long
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.