ADABTC Short Opportunity

12 Ara 2019

ADABTC has recently hit a major resistance level and has rejected nicely from this key zone and the chart is painting a nice chart opportunity.

I am looking at the following:

- rejection from the upper boundary of the daily consolidation range
- Lower highs and lower lows
- Daily EMA Cross over confirming bears are now in control
- Absolute Strength Indicator demonstrates selling momentum

Profit Taking Will be as follows:

- 61.8% Fib
- 78.6% Fib
- 0.00000413