ADABTC Short Opportunity
ADABTC has recently hit a major resistance level and has rejected nicely from this key zone and the chart is painting a nice chart opportunity.
I am looking at the following:
- rejection from the upper boundary of the daily consolidation range
- Lower highs and lower lows
- Daily EMA Cross over confirming bears are now in control
- Absolute Strength Indicator demonstrates selling momentum
Profit Taking Will be as follows:
- 61.8% Fib
- 78.6% Fib
- 0.00000413
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