Daily ADA Thoughts (4-Hr)
Daily ADA Thoughts
Happy Monday. Here is my daily two cents looking at the 4-hr time frame.
Currently arm wrestling with the .44-.45 cent resistance, and trying to break through. Once we have a 4-hr close above .45, I will buy-
Bullish opportunity if we close over 20-EMA, we will retest the .50 cent resistance, where we will test 100/200 EMA.
If we close above .50 cents- Targets would be
-.53-.56 range
-.60 cents we would look to sell with high selling pressure. (Breakout potential beyond that point.
Break out
1.618 and 2.618 levels: Approximately .70-.85
Bearish
Close under . 44 cents-
If we close under 2.619 fib level we can expect a drop to .39 cents, followed by .35 cents.
I am bullish on the moment. Short-term trade. I will
Bought at .4519-
Best of luck my friends.
Happy Monday. Here is my daily two cents looking at the 4-hr time frame.
Currently arm wrestling with the .44-.45 cent resistance, and trying to break through. Once we have a 4-hr close above .45, I will buy-
Bullish opportunity if we close over 20-EMA, we will retest the .50 cent resistance, where we will test 100/200 EMA.
If we close above .50 cents- Targets would be
-.53-.56 range
-.60 cents we would look to sell with high selling pressure. (Breakout potential beyond that point.
Break out
1.618 and 2.618 levels: Approximately .70-.85
Bearish
Close under . 44 cents-
If we close under 2.619 fib level we can expect a drop to .39 cents, followed by .35 cents.
I am bullish on the moment. Short-term trade. I will
Bought at .4519-
Best of luck my friends.
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