• Between June 10th to June 22nd ADA was trading in a range between the 0.25 – 0.29 USD.
• During the weekend (Since June 22nd) ADA broke above the previous range high and tested it as support.
• The New trading range is compressed between the 0.2857 – 0.305 USD. IMO, this tight range has to breakout to the up or downside.
• Big picture, I am assuming that ADA will move higher.
• Short term, I am on the lookout for a liquidity grab to the downside before an upward move. Trading crypto makes you suspicious…
• This week, Fed Chairman Powell is scheduled to speak on June 29th and the 30th. This could be a perfect opportunity to generate volatility. Just be aware.
• It is possible that ADA will drop lower but IMO, it is not likely to drop below the previous range low. You could possibly take a long trade from the current range-low (0.285), but your SL should be wide.
Trade Idea:
This is a long-term swing trade. Long-term I am expecting ADA to make a recovery and reach the 0.46 level at least. If This trade is stopped out, I will probably try again lower.
• Entry: 0.278 USD.
• SL: 0.27 USD.
• Target: 0.46 USD.
• TP: 0.32, 0.37, 0.42, 0.46 USD.
NFA
What do you think? Please share in the comments
Best wishes to all.
• During the weekend (Since June 22nd) ADA broke above the previous range high and tested it as support.
• The New trading range is compressed between the 0.2857 – 0.305 USD. IMO, this tight range has to breakout to the up or downside.
• Big picture, I am assuming that ADA will move higher.
• Short term, I am on the lookout for a liquidity grab to the downside before an upward move. Trading crypto makes you suspicious…
• This week, Fed Chairman Powell is scheduled to speak on June 29th and the 30th. This could be a perfect opportunity to generate volatility. Just be aware.
• It is possible that ADA will drop lower but IMO, it is not likely to drop below the previous range low. You could possibly take a long trade from the current range-low (0.285), but your SL should be wide.
Trade Idea:
This is a long-term swing trade. Long-term I am expecting ADA to make a recovery and reach the 0.46 level at least. If This trade is stopped out, I will probably try again lower.
• Entry: 0.278 USD.
• SL: 0.27 USD.
• Target: 0.46 USD.
• TP: 0.32, 0.37, 0.42, 0.46 USD.
NFA
What do you think? Please share in the comments
Best wishes to all.
Giao dịch được đóng thủ công
I don't like the reaction to the demand zone. Demand is weak and it may to the lower demand zone.Ghi chú
SL is at entry. whatever will be will be
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.