#ADA /USD TA Update:
ADA
currently trading at $0.3594
According to Coinlion Trend Trader Indicator, we got en Exit Point Alert for ADA at $0.4 (04/21)
Coinlion Trend Trader Indicator entered short at 0.3864 the 4th of may.
Then takes 2 times Profit :
1) $0.365 (20% exit position)
2) $0.362 (10% exit position)
(6,5% Profit).
There is a strong resistance at the 200EMA. The same which has rejected ADA many times before
But we have broken the descending channel.
Now we have a support on the 200SMA at $0.352 and a liquidity zone support between $0.2986 and $0.30
Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357
+ we can see that ADA is oversold. The trend might change soon as whales are accumulating a lot ADA.
Lets see what happens and follow the indicator instead of our emotions.
What do you think ?
Please click LIKE button and Appreciate my work.
Coinlion Trend Trader indicator tells me
- When to enter short or long
- When to exit and take profit :-)
- Now CTT comes with the new RSI and Stochastic indicator
IF YOU WANT we can give you the link to our free indicators :
- Stop Loss indicator
- Liquidity Support and Resistance Indicator
- Buy and Sell signal
- Automatic Fibonacci Levels with Higher and Lower Lows
Thank you.
ADA
currently trading at $0.3594 According to Coinlion Trend Trader Indicator, we got en Exit Point Alert for ADA at $0.4 (04/21)
Coinlion Trend Trader Indicator entered short at 0.3864 the 4th of may.
Then takes 2 times Profit :
1) $0.365 (20% exit position)
2) $0.362 (10% exit position)
(6,5% Profit).
There is a strong resistance at the 200EMA. The same which has rejected ADA many times before
But we have broken the descending channel.
Now we have a support on the 200SMA at $0.352 and a liquidity zone support between $0.2986 and $0.30
Cardano can test again the channel which should be a support now aligned with the 200SMA and 50SMA around 0.357
+ we can see that ADA is oversold. The trend might change soon as whales are accumulating a lot ADA.
Lets see what happens and follow the indicator instead of our emotions.
What do you think ?
Please click LIKE button and Appreciate my work.
Coinlion Trend Trader indicator tells me
- When to enter short or long
- When to exit and take profit :-)
- Now CTT comes with the new RSI and Stochastic indicator
IF YOU WANT we can give you the link to our free indicators :
- Stop Loss indicator
- Liquidity Support and Resistance Indicator
- Buy and Sell signal
- Automatic Fibonacci Levels with Higher and Lower Lows
Thank you.
