ADA/USDT - 1D - Long Signals
Diupdate
ADA printed long signals on the daily.
The long setup is in two phases :
1 - The RSI of the last lower low is below 30 (December 30th - RSI 27.31);
2 - The price close below the close of the last lower low (December 30th - 1.211) AND the RSI is above 30.
*If the price close below the lower BBand, it's a bonus and the signal is stronger (not the case here).
**RSI is based on the close price, never use wicks when looking for RSI divergences (you can use line charts to be sure of the divergence).
Entry : The actual buy signals was on January 7th and 8th, but a buy below 1.211 is a good entry and below 1.181 is an excellant entry.
Stop Loss/invalidation point : If a daily candle close below RSI 30.
Take Profit : Use your own strategy, but if the price cross above the BBand basis, this trade should not be a loser (take fractional profit and move your stop loss just above your entry price).
The objective of my posts is to share what I am looking for for long/short entries, but you are fully responsible to press the buy/sell button and you can't blame anyone apart from you.
It's harder to exit the market than entry the market.
Not financial advise. Trade safe.
The long setup is in two phases :
1 - The RSI of the last lower low is below 30 (December 30th - RSI 27.31);
2 - The price close below the close of the last lower low (December 30th - 1.211) AND the RSI is above 30.
*If the price close below the lower BBand, it's a bonus and the signal is stronger (not the case here).
**RSI is based on the close price, never use wicks when looking for RSI divergences (you can use line charts to be sure of the divergence).
Entry : The actual buy signals was on January 7th and 8th, but a buy below 1.211 is a good entry and below 1.181 is an excellant entry.
Stop Loss/invalidation point : If a daily candle close below RSI 30.
Take Profit : Use your own strategy, but if the price cross above the BBand basis, this trade should not be a loser (take fractional profit and move your stop loss just above your entry price).
The objective of my posts is to share what I am looking for for long/short entries, but you are fully responsible to press the buy/sell button and you can't blame anyone apart from you.
It's harder to exit the market than entry the market.
Not financial advise. Trade safe.
Catatan
ADA just print a 3rd buy signal at 1.170 (January 9th close price).Catatan
ADA just print a 4th buy signal at 1.123 (January 10th close price).Trading ditutup secara manual
Just closed the trade early around 1,245 (winner). On smaller time frames, we can see that the last «pump» was made on decreasing volume (not bullish) and there is hidden bearish divergence forming. BTC looks weak and to want to roll over and revisit the 40-41k area. Let's see...
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