ADA is consolidating inside a range between our purple resistance and blue support. 21 EMA(yellow) tested resistance and 81 EMA(purple) tested support. I will either be making an entry if we get a good break above resistance or near support. A higher low from here and and close above 21EMA will make me more confident we can go back to retest 0.16 - 0.17$, but less confident if we don't break above 21 EMA.
Commentaire:
We made it to test our targetted area of 0.16 - 0.17$ unexpectedly strong and fast. I will be taking some profits here and waiting to see if we can go back to test 0.19$ to take more profits or if we will get rejected at our 0.17$ level. If we get a break above 0.20$, I will be looking to trade a breakout of a 2 and half years Cup and handle.
