Been following ADA for quite some time now, expecting more downturn on the Higher Timeframes due to the Demand Zones that have been nicely placed underneath it.
- We’re hanging around this 0.07 Demand Zone now, with a number of the Indicators giving us the Oversold condition.
- What I’m looking for is for PA to respect this Zone before expecting any movements, possibly to our 23.6& Fibonacci retracement level.
- That 23 would be the first intended area of interest if there is significant PA that respects this final Zone, before 0.065.
This is a waiting game, you need to exercise patience here, let these trades come to you and don’t force it. The best option now is to wait for some confirmation of these Zones holding their ground before making any kind of substantial trading decision.
- We’re hanging around this 0.07 Demand Zone now, with a number of the Indicators giving us the Oversold condition.
- What I’m looking for is for PA to respect this Zone before expecting any movements, possibly to our 23.6& Fibonacci retracement level.
- That 23 would be the first intended area of interest if there is significant PA that respects this final Zone, before 0.065.
This is a waiting game, you need to exercise patience here, let these trades come to you and don’t force it. The best option now is to wait for some confirmation of these Zones holding their ground before making any kind of substantial trading decision.