$ADA is sitting on the 0.20 line. Double bottom or breakdown? This level decides đŻ
Structure (4H):
âą Double bottom: 0.2005 and 0.2005 (Oct 24 and Oct 26), then 0.2013 today
âą Lower highs: 0.2188 â 0.2095 â 0.2082
âą Price 0.2057, just under EMA 20 (0.2064). EMA 50 at 0.2122
âą RSI 45. Down 7.3% on the week
Sellers keep failing to break 0.20. Buyers keep failing to clear 0.209. Classic pressure cooker.
Levels for $ADA :
đą 4H close above 0.2095 â double bottom confirmed, 0.2122 (EMA 50) then 0.2188
đŽ 4H close below 0.2000 â round number lost, 0.193 area next
Invalidation for longs is clear and close: a stop just under 0.199 risks only about 3%.
What's your move on $ADA ? đ
NFA
#Cardano #Altcoins #TradingSignals
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Structure (4H):
âą Double bottom: 0.2005 and 0.2005 (Oct 24 and Oct 26), then 0.2013 today
âą Lower highs: 0.2188 â 0.2095 â 0.2082
âą Price 0.2057, just under EMA 20 (0.2064). EMA 50 at 0.2122
âą RSI 45. Down 7.3% on the week
Sellers keep failing to break 0.20. Buyers keep failing to clear 0.209. Classic pressure cooker.
Levels for $ADA :
đą 4H close above 0.2095 â double bottom confirmed, 0.2122 (EMA 50) then 0.2188
đŽ 4H close below 0.2000 â round number lost, 0.193 area next
Invalidation for longs is clear and close: a stop just under 0.199 risks only about 3%.
What's your move on $ADA ? đ
NFA
#Cardano #Altcoins #TradingSignals
No Binance account yet? Get 20% of your trading fees back đ Sign up on Binance