ADA Exchange Trading 21-12-12
I am using the Daily chart because the Hourly does not give a good picture. Price is currently back in the Daily 78.6% zone. It is falling again so the entry may be found on the lower time frames. Look at the M30 or M15 for a good entry. Price went past the 88.6% level and then came back into the zone, went pretty high up into the zone but did not make a new Higher High (HH) we only have Lower Highs (LH). I am still waiting for that entry around $1.00 where the Drop-Base-Rally is to the left. Unless price does not create a new Lower Low around 1.15 or 1.10 and then comes out of the 78.6% zone. Then I would take an entry around 1.50 as price came out of the zone with a strong engulfing candle.
Additionally, the stoch looks overbought so price should continue to fall until we see an oversold condition.
Additionally, the stoch looks overbought so price should continue to fall until we see an oversold condition.
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