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ADA Wyckoff Re-Distribution Trading Range

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The ADA price has been in a downsloping Wyckoff re-distribution trading range from Sept 2, 2021 to the present. The upper and lower boundaries of this trading range are given by the horizontal black lines.

Wyckoff abbreviations: automatic reaction (ARe), buying climax (BC), failed upthrust (FUT), phase A (Ph A), phase B (Ph B), phase C (Ph C), secondary test (ST), shakeout (SO), sign of weakness (SOS), upthrust (UT).
Not
Based on an analysis of the Phoenix Ascending and Bad Ass Bollinger Bands in higher timeframes (1W, 3D, 2D, 1D), I have selected 2 ceiling targets ($0.901 and $0.846) and 2 floor targets ($0.722 and $0.675). I will open a short position at one of my ceiling targets and close the short position at one of my floor targets.

Let’s keep our eyes on this and act accordingly. I will post updates as appropriate.

This is not financial advice. I am not your financial advisor. This is my opinion.

anlık görüntü
Not
To be clear, the short position is to be opened on a falling red stochastic relative strength index (sRSI) not a rising red sRSI.

anlık görüntü
İşlem aktif
Opened a short position at $0.903
İşlem elle kapatılmış
Opened short: $0.903
Closed short: $0.862
Percent change: $4.54

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.