ADA: Why I closed the trade
See the circled areas. Updated from my previous 30 minute chart.
-Trouble at resistance
-MACD histogram starting to show bearish divergence, MACD blue line curling down.
-RSI beginning to possibly form a descending triangle
-Chart forming an ascending wedge (bearish reversal)
I circled the areas in question.
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
-Trouble at resistance
-MACD histogram starting to show bearish divergence, MACD blue line curling down.
-RSI beginning to possibly form a descending triangle
-Chart forming an ascending wedge (bearish reversal)
I circled the areas in question.
ROOKIE trader; Follow at your own risk!
-Solid horizontal orange line: I bought at that price
-Dotted horizontal orange line: mock buy, not in the trade yet
-Solid horizontal pink line: Stop loss/sell implemented
-Dotted horizontal pink lines: Targets
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