ADAUSD H8: 1.50/1.55 TP BEARS / correction MODE(SL/TP)(NEW)

Why get subbed to me on Tradingview?

-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates

🎁Please hit the like button and
🎁Leave a comment to support our team!

ADAUSD H8: 1.50/1.55 TP BEARS / correction MODE(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: ADAUSD H8 chart review
::: not a great looking chart
::: previously compression / breakdown
::: price/ RSI div very clear on D1/H16 TF
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 20-40% pullback possible next
::: 4-8 weeks in October/November 2021
::: right now limited upside
::: based on measured move projection
::: TP BEARS is 1.50/1.55 USD
::: correction will complete in October/Nov 2021
::: target BEARS is 1.50/1.55 USD
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: STAY OUT / LIMITED UPSIDE
::: NOT A TRADE SETUP
::: bull run not over yet stay tuned
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION

RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.