Hey guys,
I thought I would share my plan for ADA for the next week.
We have seen a little double bottom after a quite a downward trend with the RSI now sitting nicely in the mid-range I thought it was worth a review. the MA are still yet to be stacked in the right order (yes I order mine as RGB) but I think by the end of today we will see that happen with the 100MA to follow suit. Once these are stacked and we see some divergence between those indicators I expect we should have a nice upward trend for a while. Bumps expected.
My targets are aligned with weekly pivot points, which also align with some significant historical PP as well. Once my final tgt is met, I will review my position for a longer-term commitment.
My aims are:
(assume all numbers are prefixed with 0.0000xxxx)
Buy in between 4250-4400 as long as the above criteria are met.
Initial Stop-loss @ 4000 adjusted once targets are met to value of previous target
Target One: 4750
Stop-Loss: 4400
Target Two: 5200
Stop-Loss: 4750
Target Three: 5500
Stop-Loss: 5200
I thought I would share my plan for ADA for the next week.
We have seen a little double bottom after a quite a downward trend with the RSI now sitting nicely in the mid-range I thought it was worth a review. the MA are still yet to be stacked in the right order (yes I order mine as RGB) but I think by the end of today we will see that happen with the 100MA to follow suit. Once these are stacked and we see some divergence between those indicators I expect we should have a nice upward trend for a while. Bumps expected.
My targets are aligned with weekly pivot points, which also align with some significant historical PP as well. Once my final tgt is met, I will review my position for a longer-term commitment.
My aims are:
(assume all numbers are prefixed with 0.0000xxxx)
Buy in between 4250-4400 as long as the above criteria are met.
Initial Stop-loss @ 4000 adjusted once targets are met to value of previous target
Target One: 4750
Stop-Loss: 4400
Target Two: 5200
Stop-Loss: 4750
Target Three: 5500
Stop-Loss: 5200
Buying positions could be this afternoon, will wait for a few candle to close about the 50MA before beginning my trades.