This is the final capitulation I am waiting for. ADA broke below DIAMOND. This may be a bear trap to get STOP LOSSES then reverse up.
I would never enter ADA unless it breaks above & holds the dma 50, then dma 100 which have been rejecting price for a long time. (May consider Dma 50 BO as first entry on a dip & higher high than last solid red candle)
This big ABC may bottom out at the 0.777 to 1.0 FIBO zone.
I shall wait for a consolidation then a reversal pattern & a rally to at least 1.30 FIBO level to take profit.
Not trading advice…just a guide
I would never enter ADA unless it breaks above & holds the dma 50, then dma 100 which have been rejecting price for a long time. (May consider Dma 50 BO as first entry on a dip & higher high than last solid red candle)
This big ABC may bottom out at the 0.777 to 1.0 FIBO zone.
I shall wait for a consolidation then a reversal pattern & a rally to at least 1.30 FIBO level to take profit.
Not trading advice…just a guide