Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
📌Long-Term: Left Chart
ADA has been overall bearish for a while and it is now approaching a strong weekly demand zone in green.
ADA formed a valid channel in red but it is not ready to go yet!
For the bulls to take over from a long-term perspective, we need a break above the last major high in gray.
Meanwhile, until the buy is activated, ADA would be overall bearish and can still trade lower inside the demand zone .
In this case, as/if we dive inside the demand zone , we will be looking for short-term buy setups.
📌Short-Term: Right Chart
For the bulls to take over short-term, we need a break above the last major high from H4 (in orange)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
📌Long-Term: Left Chart
ADA has been overall bearish for a while and it is now approaching a strong weekly demand zone in green.
ADA formed a valid channel in red but it is not ready to go yet!
For the bulls to take over from a long-term perspective, we need a break above the last major high in gray.
Meanwhile, until the buy is activated, ADA would be overall bearish and can still trade lower inside the demand zone .
In this case, as/if we dive inside the demand zone , we will be looking for short-term buy setups.
📌Short-Term: Right Chart
For the bulls to take over short-term, we need a break above the last major high from H4 (in orange)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
Instagram:
www.instagram.com/richthesignalyst
Telegram:
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal