Hello everyone, if you like the idea, do not forget to support with a like and follow.
ADA is sitting around the round number 2.0 in green so we will be looking for buy setups on lower timeframes.
on H4: ADA formed a valid trendline in red but the setup is not ready to go yet.
Before we buy, we want the bulls to prove that they are taking over.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, ADA would be overall bearish can still trade lower and break below the 2.0 round number.
In this case, the bears would take over, we will be looking for new buy setups to form as it approaches the blue support zone around 1.50
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ADA is sitting around the round number 2.0 in green so we will be looking for buy setups on lower timeframes.
on H4: ADA formed a valid trendline in red but the setup is not ready to go yet.
Before we buy, we want the bulls to prove that they are taking over.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, ADA would be overall bearish can still trade lower and break below the 2.0 round number.
In this case, the bears would take over, we will be looking for new buy setups to form as it approaches the blue support zone around 1.50
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT