Detective_Conan

ADAUSD testing support. Could this be our trend reversal?

BINANCE:ADAUSD   Cardano
We may be making support @.618 of our fib retracement. But ultimately we have to see how the market reacts to 21 EMA. If 21 EMA becomes strong resistance until we eventually get a bearish crossover with our 21 EMA and 81 EMA, this would be signal for a trend reversal. As of right now we are testing lower support, and possibly lower highs. Another scenario is we range sideways between 0.786 and 0.618 fib retracement before we figure out what the next move will be. And our bullish scenario would be we make support here at 0.618 and make it above 0.786.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.