ADA/BTC: Big underperformer
Note: the leading four zero's are omitted in the text for clarity. Example: 0.00002550 is quoted as 2550.
Recent movements are classified as a consolidation phase within the longer term down trend. In other words, ADA is underperforming BTC on a significant scale. Focus remains on the target around 955 as long as the main resistance area around 1440 hovers above the market. A more aggressive approach is to maintain stops at 1325.
Trend: moderately negative
Outlook: late phase down trend, moderately negative
Strategy: avoid or hold-short with trailing stops > 1325
Support: 955*
Resistance: 1325 / 1440 / 1660
Outlook cancelled/neutralized above 1325 or 1440 (depending on your risk appetite)
Recent movements are classified as a consolidation phase within the longer term down trend. In other words, ADA is underperforming BTC on a significant scale. Focus remains on the target around 955 as long as the main resistance area around 1440 hovers above the market. A more aggressive approach is to maintain stops at 1325.
Trend: moderately negative
Outlook: late phase down trend, moderately negative
Strategy: avoid or hold-short with trailing stops > 1325
Support: 955*
Resistance: 1325 / 1440 / 1660
Outlook cancelled/neutralized above 1325 or 1440 (depending on your risk appetite)
Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.