ADA is finally showing trend reversal signs on HTF, as can be see first higher low formed. A break of 0.236fib will confirm a higher high.
Bullish RSI divergence on 4h.
I will still wait it to reclaim the 1055 - 65 area and establish support before going long on ADA.
Bullish RSI divergence on 4h.
I will still wait it to reclaim the 1055 - 65 area and establish support before going long on ADA.
Trade active:
As can be seen by loading new candles, price was rejected from the area I had mentioned (1055-1065).
However, the structure is not broken yet and ADA will re-test that area if market conditions stay the same.
However, the structure is not broken yet and ADA will re-test that area if market conditions stay the same.
Trade active:
ADA claimed the specified area followed by a textbook re-test which was bought up quick and here we go up!