ADA - Buying Time
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With the overall market moving down and Bitcoin sinking low and lower so are some of the Alts. ADA is one I'm long on and have entries already. I'm looking to add to here. Let me know what you think..
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So here is the latest 4hr chart currently still moving up towards a 618 retrace on the down move. Still holding to see what happens on the 4hr. Do we get above the 618 or bounce to lower lows?
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D - We returned to 5000 resistant zone but closed below. Currently we have a bearish D candling forming but we'll need to wait and see where we close to confirm a continuation or possible reversal. 4hr we are spiking to the 5100 resistance. Last four candles consolidating just below our resistance level at 5100. Waiting to get confirmation of break either up or return to lows and a possible lower low. I did fill on my Target 1 buy in to add to my position. I primarly enter with dollar cost averaging.
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tradingview.com/chart/EQyqCtBd/Here is the 4hr showing the consolidation and bouncing on resistance.
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I'm mean here it is
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I'll be closing this post and updating a new one. My first target filled in at 3700. Currently riding the overall market down swing out.
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