Ryecatcher

Potential IH&S forming within a bull flag

KRAKEN:ADAUSD   ADA / USD
Potnetial ih&s forming on the 4hr.

Breakout of the neckline will bring us to the $0. 40 target.

Volume is a little stagnant on ADA we need to see a rise in volume .

Stay safe trading.

Comments

Hi there, ADA made a quick wick to 0.27 so has it made the right shoulder or it should go down to around 0.25 cents to make the right shoulder.
Would appreciate if you can explain.
Thanks
+1 Reply
the wick down could be a potential right shoulder all be it small one, I would of liked it to go down a little further and ranged there for at least a day before gaining momentum and volume and breaking through the resistance forming a wider and tangier right shoulder would og given the move a little more momentum in my opinion.
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