ADA - Possible Bulltrap re-accumulation and can move lower

ADA - Possible re-accumulation and can move lower

Kommentera:

Also Tweezer top on the monthly with 5 days to go - Tweezer top is a reversal pattern indicating movement down

Kommentera:

Also Bullhorns on the weekly is another suggestion of a move down

Kommentera:

shady looking stuff if you ask me ...

Kommentera:

Hmmh ...looks like a bulltrap ....
However if ADA does move past the horn tops at 1.50 then the opposite is true and this is a very bullish sign that ADA can move t0 2.0

Kommentera:

if trading best to wait for a break of 1.0 to go short or wait for a move above 1.50 to go long