ADABTC - SuperSmoother
Updated
ADABTC breaking out here with a 12% move against BTC. Its looking very good for ADA with BTC turning bearish today. This shows positive sentiment for an ADA pump but also it shows that a BTC bounce may be on the cards in the not too distant future.
Also worth noting that ADAUSD is currently 9% green today against the BTC dump.
As I've said in previous threads, whenever BTC bounces ADA is going to pump.
Anyhow I've been browsing TV indicators finding trend tools and here's a good one for trend channels - the Supersmoother.
Similar to bollinger bands and other trend channel tools, but this one seems particularly good for finding reversals and breakouts.
Here can see the lower bands were threatened as the smoother drifted sideways post descent. But then in the sideways move, price has rose into the upper territory.
And now price has broken out above the upper bands, showing that this is probably not a fakeout, this will most likely become a rally of significance.
Also Guppy turning bullish blue again indicates the same.
Fibs showing possible EW targets. Price can consolidate 1.618 in this area and move on potentially.
Not advice.
Also worth noting that ADAUSD is currently 9% green today against the BTC dump.
As I've said in previous threads, whenever BTC bounces ADA is going to pump.
Anyhow I've been browsing TV indicators finding trend tools and here's a good one for trend channels - the Supersmoother.
Similar to bollinger bands and other trend channel tools, but this one seems particularly good for finding reversals and breakouts.
Here can see the lower bands were threatened as the smoother drifted sideways post descent. But then in the sideways move, price has rose into the upper territory.
And now price has broken out above the upper bands, showing that this is probably not a fakeout, this will most likely become a rally of significance.
Also Guppy turning bullish blue again indicates the same.
Fibs showing possible EW targets. Price can consolidate 1.618 in this area and move on potentially.
Not advice.
Note
1.618 tagged. Might see consolidation/ retracement here before next move up.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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