Hello everyone, if you like the idea, do not forget to support with a like and follow.
ADA is sitting around strong support in blue 1.50 so we will be looking for buy setups.
on Daily: ADA is forming a channel in red, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ADA would be overall bearish and can still break the 1.50 support downward, in this case, a movement till the green support 1.0 would be expected, and we will also wait for a new swing high to form around the trendline to consider it our trigger swing. (projection in black)
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ADA is sitting around strong support in blue 1.50 so we will be looking for buy setups.
on Daily: ADA is forming a channel in red, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ADA would be overall bearish and can still break the 1.50 support downward, in this case, a movement till the green support 1.0 would be expected, and we will also wait for a new swing high to form around the trendline to consider it our trigger swing. (projection in black)
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal