Cardano / Bitcoin
更新済

Is ADA dead? - 4H chart

297
ADA recently had a huge pump, and has since dribbled down on a solid dump without a pullback over the two or three weeks since the peak.

Price is now approaching a strong Daily Level Equilibrium, which lines up beautifully with the 50 Fib of the Higher timeframe move

Below this we have two Daily Demand zones, the lower lining up with the 61.8.

The trendline formed on the daily closes is also rising up to meet price, and if we continue down, should meet price at the same time it reaches the first demand zone.

CCI is showing Bullish Divergence on the 4H

Therefore, There's a high probability of ADA continuing down to find support at one of the zones, and then bouncing. I've staggered orders to catch this bounce, with a SL below the lower demand zone.
トレード稼働中
50% off position taken off for 20% Profit
手動でトレードを終了しました
Closed when LH formed

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