ADA Inverse Head and Shoulders ! !!!
ADA/USDT is making inveerse head and shoulders pattern on 4h timeframe.
This is very likely because it made strong demand area out of head and it did a good reaction to left shoulder.
We also have support of 0.781 Fibbo Retracement level.
You can long this here with tight stop or can wait for it to break neck line and buy with conviction.
Entry: 1.33-1.35
Targets:
1) 1.38
2) 1.44
3) 1.6
Stop: 4k close below 1.28
This is very likely because it made strong demand area out of head and it did a good reaction to left shoulder.
We also have support of 0.781 Fibbo Retracement level.
You can long this here with tight stop or can wait for it to break neck line and buy with conviction.
Entry: 1.33-1.35
Targets:
1) 1.38
2) 1.44
3) 1.6
Stop: 4k close below 1.28
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