2h time frame
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From our previous ADA analysis, we mentioned the long-term trendline was broken out.(ref.1)
Currently, ADA is creating a potential triangle structure because every waves satisfied Fibonacci Retracement so far, which increases the triangle possibility. Further consideration is what kind of triangle here, uptrend continuation or reversal structure. Taking trendline breakout into account, see this triangle as continuation structure is better, and we might see one more test on triangle bottom.
TP: 0.28 / 0.29~0.3
SL: 0.2515
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ref.1
-
From our previous ADA analysis, we mentioned the long-term trendline was broken out.(ref.1)
Currently, ADA is creating a potential triangle structure because every waves satisfied Fibonacci Retracement so far, which increases the triangle possibility. Further consideration is what kind of triangle here, uptrend continuation or reversal structure. Taking trendline breakout into account, see this triangle as continuation structure is better, and we might see one more test on triangle bottom.
TP: 0.28 / 0.29~0.3
SL: 0.2515
-
ref.1
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→Join Teaching Group for free!(PM me)
Publications connexes
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🌔Signal channel: t.me/tradingdiary_cat
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
🌕Discussion group: t.me/rextalkcrypto
✨Bybit sign up: bybit.com/register?affiliate_id=12787&group_id=36093&group_type=1
💡Sign up through link
→Join Teaching Group for free!(PM me)
Publications connexes
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.