lady_luck

Pivot points and fibs

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lady_luck 已更新   
BITTREX:ADAUSDT   Cardano / Tether
Ada/usdt has reached the first target from double top
There is on more target to the downside which I highlighted as a reversal zone in blue
On the upside, first target at 0.23, next one would be back to the monthly pivot/fib 0.618

There is currently a lot of convergence of support/ resistance, TL, channels, fib and pivot on ADA, which makes it an interesting watch

There is a divergence on H4 between MACD and RSI,
RSI double bottom, making a LL equivalent to the bottom of march
While MACD has a bullish divergence
評論:
Nearing the target now, this should take little time
評論:

Target met, worked well with timeframe and TL
Waiting for breakout of chanel, and for PA to aim for the pivot, fib 0.6 of correction
Bulish signal on RSI
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