Is ADA aiming for the all time low?
On the daily chart ADA is in a huge falling wedge and we are near its resistance. The volume is looking good but we have a hidden bearish divergence on RSI which is a sign of trend continuation and the price just got rejected at the 0.65. This is a good shorting opportunity with SL slightly above the 0.65 because you don't want to get caught on the wrong side if ADA breaks the wedge.
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4H chart. Looks good for a short.
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Trade the breakout. Very easy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.