Coin Name: $ADA
Signal Type: SHORT
(Tap my profile picture to join my Binance live stream for exclusive crypto signals. Premium signals are also available—follow the instructions during the live session!)
ADA has formed a clear Bearish Rising Wedge pattern, a strong bearish indicator in technical analysis. As a result, ADA is showing bearish momentum, making this an ideal short trade opportunity. My entry price is 8097, and I anticipate a sharp and impulsive downward move in ADA.
Here’s another confirmation chart that strengthens my confidence in this trade: the RSI indicator.
If you closely examine my chart, you’ll notice the RSI bearish divergence I’ve drawn on the 4-hour timeframe, which is a strong bearish signal. Additionally, ADA’s latest candle is a red one, further reinforcing the bearish momentum.
Based on this analysis, I remain bearish on ADA.
📉 Signal Update
🔹 Entry: 8176 - 8097
🎯 Target: 7794 - 7688 - 7455 - 7384
✋ Stop Loss: 8388
🔥 Join my Binance live stream for exclusive crypto signals! 💰 Premium signals are available—just follow the instructions during the live session! 🚀