ADABTC Bearish Deep Crab - Its time to consolidate
ADA has made a great bullish move to the upside, filling out the entire equidistant channel in the chart
The parameters for a Bearish Deep Crab have all been met
Point D still needs to be verified by a reversal in price action in the next few days.
Bearish divergence on all time scales up to one day
Plotted targets are your shallow retrace (38.2), moderate retrace (50%), and golden zone (61.8)
The degree of retracement will be influenced by the price action of bitcoin, if there is a big sell off, look for a deeper correction for ADABTC
Thoughts or comments are welcome
Posting these helps me learn, hope others find some value here
Good luck traders
The parameters for a Bearish Deep Crab have all been met
Point D still needs to be verified by a reversal in price action in the next few days.
Bearish divergence on all time scales up to one day
Plotted targets are your shallow retrace (38.2), moderate retrace (50%), and golden zone (61.8)
The degree of retracement will be influenced by the price action of bitcoin, if there is a big sell off, look for a deeper correction for ADABTC
Thoughts or comments are welcome
Posting these helps me learn, hope others find some value here
Good luck traders
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.