ADAUSDT | Wave Projection - Ending Diagonal SMA200 WK Support
Price action and chart pattern trading
> An ending diagonal pattern in weekly timeframe with a strong bullish divergence signal.
> A final wave II position at SMA200 Week support, retraced below 0.786 fibonanci from wave I top position
> A possible sideway breakout from Elliott Channel, starting new uptrend pivot point after 6 weeks.
Indicators:
> Smart money strong support at downtrend wave 3 and 5.
> Banker chip entry signal at wave 3 and 5
> A strong BBD bullish divergence crossing up baseline
> Stochastic bullish divergence with reversal signal in oversold zone.
Always trade with affordable risk and respect your stoploss
> An ending diagonal pattern in weekly timeframe with a strong bullish divergence signal.
> A final wave II position at SMA200 Week support, retraced below 0.786 fibonanci from wave I top position
> A possible sideway breakout from Elliott Channel, starting new uptrend pivot point after 6 weeks.
Indicators:
> Smart money strong support at downtrend wave 3 and 5.
> Banker chip entry signal at wave 3 and 5
> A strong BBD bullish divergence crossing up baseline
> Stochastic bullish divergence with reversal signal in oversold zone.
Always trade with affordable risk and respect your stoploss