Short idea for ADA - descending channel (1D/1H)
I would like to share this short idea for ADA. It's moving in a tdescending channel, so now there is a high probability that the price will go down, as it bounced back from the resistance. The RSI and MACD indicators are also confirming the predicted move.
Trend: downtrend (20 EMA < 50 EMA < 200 EMA on the dailychart)
Nice and easy trading opportunity.
Entry level: if price goes below 1.394
SL/TP levels are shown on the Short position drawing.
Good luck!
Trend: downtrend (20 EMA < 50 EMA < 200 EMA on the dailychart)
Nice and easy trading opportunity.
Entry level: if price goes below 1.394
SL/TP levels are shown on the Short position drawing.
Good luck!
Trade chiuso: stop raggiunto
-2.39%Lesson learned: I should put the entry level at 1.38 according to the previous 2:00 PM red candle.
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Thank you for your support and may the markets be with you!
Thank you for your support and may the markets be with you!
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
If you think this analysis is useful and you want to receive new updates about this idea, leave your comment or your LIKE!
Thank you for your support and may the markets be with you!
Thank you for your support and may the markets be with you!
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.