Salaam
Ada was rejected from 2.95 resistance.
The daily candle closed below SMA. (Simple Moving Average)
It also broke the ascending trend line and still is below moving averages.
Despite stochastics is in over-sold, I sell ADA with 2.97 as a stop.
I've decided to don't rely on indicators much but instead on price action.
Good luck
Ada was rejected from 2.95 resistance.
The daily candle closed below SMA. (Simple Moving Average)
It also broke the ascending trend line and still is below moving averages.
Despite stochastics is in over-sold, I sell ADA with 2.97 as a stop.
I've decided to don't rely on indicators much but instead on price action.
Good luck
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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.