ADA to test Hourly 50 SMA

9. Nov.

ADA is approaching its 50 sma on the hourly chart. this could be a good buy area for a long set up as the 50 sma will be coinciding with the nearest support. Targets above are the 1.618 and 2.618 extension of the previous high swing low. RSI is 52 at time of publishing. Impulse has already corrected beyond the .236 and may be enough for a new continuation north.

Not financial advice. Do your own DD.

Will be following this idea up with larger TFs in updates.

Thanks for viewing the idea.

9. Nov.

Trade ist aktiv

trend breaks from the daily chart

9. Nov.

Trade geschlossen: Ziel wurde erreicht

so far, we have a .236 touch for the pullback at the expected area if resistance.

10. Nov.

Anmerkung

Trade Closed