Hello traders,
Looking at the daily chart for ADABTC, it is now in oversold territory, and we can expect trend reversal change soon.
Target 1: 1327 Sats (17% gain) 23.6% fib level
Target 2: 1540 Sats (35% gain) 50.0% fib level
38.2% fib level can be also a good place to take profit, but there is no significant resistance in this zone.
SL: 1070 Sats
The risk/reward ratio is 2.88 :)
Happy trading!
Looking at the daily chart for ADABTC, it is now in oversold territory, and we can expect trend reversal change soon.
Target 1: 1327 Sats (17% gain) 23.6% fib level
Target 2: 1540 Sats (35% gain) 50.0% fib level
38.2% fib level can be also a good place to take profit, but there is no significant resistance in this zone.
SL: 1070 Sats
The risk/reward ratio is 2.88 :)
Happy trading!