ADAUSD - rising wedge
ADA looks to be forming a rising wedge with decreasing volume.
I'm looking for a breakdown to the first support area of $1.10-$1.04, if that should fail, next support area would be $0.94-$0.84; additionally, ADA can't get a daily close above resistance, $1.65.
rising wedges are one of the worst performing chart patterns so there is a chance price could break upwards; however, given the current market structure and the # of shorts out on BTC right now, I would expect a move to one of the support areas below current price.
not trading advice
tg
I'm looking for a breakdown to the first support area of $1.10-$1.04, if that should fail, next support area would be $0.94-$0.84; additionally, ADA can't get a daily close above resistance, $1.65.
rising wedges are one of the worst performing chart patterns so there is a chance price could break upwards; however, given the current market structure and the # of shorts out on BTC right now, I would expect a move to one of the support areas below current price.
not trading advice
tg
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.
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.