I believe ADABTC has put in a reversal on the 1D chart, signalling that dips are for buying.
Technical reasons for the trade:
→ Price spent a few days below the 1D 200MA before quickly powering back up on volume. → Confirmed bullish div - Histogram and RSI. → Fisher bullish div + buy signal on 25th September. → OBV back above its 13EMA. → Bullish engulfing candle on the weekly.
✗ Price hasn't yet given us a nice market structure on the daily chart. ✗ Big VPVR notch below, if bulls don't step up and price fails to remain above the 1D 200MA - we could see a drop down to 682 sats. ✗ 1D 200MA has yet to be retested as support.
✓ Aggressive traders can look to long all pullbacks. ✓ Safer traders can look to long when/if 1D market structure is established.
Good luck!
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