ADA Exchange Trading Idea 22-01-02

3 ene 2022Right now we are at the bottom of the 78.6% zone. For exchange trading, we are looking for solid price movement so we can take profit within a week or so. Right now, I am not so sure we are out of this market pause. But as far as ownership, this is a great place to buy Cardano for the long term. Even better than last week. But right now price is below the EMAs and we are coming down from being oversold on the daily. On our trading TimeFRame (H1) we have a small bounce off the bottom of the zone. But I would wait for a new higher high before entering. That should also put price above all the EMAs.