After a healthy correction in ADA, it has found a support at 200 EMA in the Daily chart and it also has the confluence of 0.618 fibonacci retracement level from it All TIme High. It is a very low risk long setup considering the stop-loss below 200 EMA in Daily chart.
Take Profit 1 - $2.4
Take Profit 2 - $3
Take Profit 1 - $2.4
Take Profit 2 - $3
Kommentar:
ADA started to move (Almost moved 6% from our entry). FTA (First Trouble Area) is 200 EMA in H4 time-frame that is at $2.125. If it breaks then it can rally high.