Hi All,
Some thoughts around ADA in the short term. All Bullish.
If we look at the ADA.USDT chart, we can observe below why it made a break out.
Note the following:
> fib level and how the EMA ribbon has confluence for the 8 HRLY and the candle sticks.
> the next level is a strong resistance with a no. of rejections at this level. But eventually it will break.
> So if it doesn't break now, it will in my opinion form a bullish micro formation just underneath for there is too many things going on for ADA, in the news.
:::::::::::::::::: Observations :::::::::::::::::::
> Breakout was caused by a bottom W formation under the resistance as per chart below, for ADA.USDT. Soon to test the next resistance.
> All 3 indicators on the 8 HRLY, show bullish reversal, WT signals crossed over, waiting on the MACD.
:::::::::::::::::: My thoughts ::::::::::::::::::
> I have drawn the channel lines and potentially 2 scenarios. We cannot ignore this bullish candle.
Macro level targets based on inverted BARR strategy
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
ADA weekly chart > Conclusion, more room to go higher
Note indicators and MS\MR (monthly support and resistance levels) levels
Enjoy,
Please give me a like or tick for this post
Some thoughts around ADA in the short term. All Bullish.
If we look at the ADA.USDT chart, we can observe below why it made a break out.
Note the following:
> fib level and how the EMA ribbon has confluence for the 8 HRLY and the candle sticks.
> the next level is a strong resistance with a no. of rejections at this level. But eventually it will break.
> So if it doesn't break now, it will in my opinion form a bullish micro formation just underneath for there is too many things going on for ADA, in the news.
:::::::::::::::::: Observations :::::::::::::::::::
> Breakout was caused by a bottom W formation under the resistance as per chart below, for ADA.USDT. Soon to test the next resistance.
> All 3 indicators on the 8 HRLY, show bullish reversal, WT signals crossed over, waiting on the MACD.
:::::::::::::::::: My thoughts ::::::::::::::::::
> I have drawn the channel lines and potentially 2 scenarios. We cannot ignore this bullish candle.
Macro level targets based on inverted BARR strategy
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
ADA weekly chart > Conclusion, more room to go higher
Note indicators and MS\MR (monthly support and resistance levels) levels
Enjoy,
Please give me a like or tick for this post
Note
update on chartsADA.USDT
ADA.BTC
Note
can it hold here while BTC keeps going up...I think notNote
that was the bottom, to buy in, without waiting for 4 hrs.Trade closed: stop reached
Note
Trend still intacked and I expect some consolidation here before it decides to go up or down.Looking at the Phoeix, the next day will let us know if its downward or sideways pressure. The 3D and above is still strong upward pressure.
X.Chart.
Note
ADA.BTC could very well mean a reversal and likely a hint that the ALT season is an end and BTC is going to make new highs, beyond what we have.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.