Hello Everyone...
ADA is moving in a descending channel currently and so there was a bullish divergence on a lower low into 2D Demand zone .
It just resulted in a nice push to the upside.
Expecting this to stall at around 1.6 then I'll see what develops.
📚 Two main opportunities I'm looking at for a long:
- Reclaim resistance between $1.655- $1.708 (would be a break of the channel resistance also)
- If we drop back and develop equal lows within the 2D demand, I may look at a long there also.
📌 Also I would point to an aggressive SHORT if we lose the bullish momentum on channels higher head back to the 2D demand !
ADA is moving in a descending channel currently and so there was a bullish divergence on a lower low into 2D Demand zone .
It just resulted in a nice push to the upside.
Expecting this to stall at around 1.6 then I'll see what develops.
📚 Two main opportunities I'm looking at for a long:
- Reclaim resistance between $1.655- $1.708 (would be a break of the channel resistance also)
- If we drop back and develop equal lows within the 2D demand, I may look at a long there also.
📌 Also I would point to an aggressive SHORT if we lose the bullish momentum on channels higher head back to the 2D demand !