ADA/USD *Chart Pattern identified* Symmetrical Triangle
Updated
looks like a continuation of the current downtrend.
symmetrical triangle will most likely lead this into a new wave down and i may be looking to short this or BTC, ETH or LTC.
all have similar patterns in-fact I may short ADA or LTC based off ETH and BTC moves. hoping ADA and LTC will lag behind and give me time to short after the confirmation of the two bigger coins.
for this I see a ABCDE triangle and were heading up for a red E wave now.. BUT WE CAN BREAK DOWN NOW.
looks like it gained a little support but overall I think the safe play is hitting E and NOT breaking upwards.
if we hit red E and then go up... I will turn bullish anywhere above the Purple line or anywhere above red A.
like, ask questions, follow and enjoy!
symmetrical triangle will most likely lead this into a new wave down and i may be looking to short this or BTC, ETH or LTC.
all have similar patterns in-fact I may short ADA or LTC based off ETH and BTC moves. hoping ADA and LTC will lag behind and give me time to short after the confirmation of the two bigger coins.
for this I see a ABCDE triangle and were heading up for a red E wave now.. BUT WE CAN BREAK DOWN NOW.
looks like it gained a little support but overall I think the safe play is hitting E and NOT breaking upwards.
if we hit red E and then go up... I will turn bullish anywhere above the Purple line or anywhere above red A.
like, ask questions, follow and enjoy!
Trade closed manually
this may shoot up and I dont like how it looks. I wont short or long this at this point.maybe ill long LTC if everything else shoots out. but I may just wait to short the top IF we shoot up again... for now, im flat
Trade active
lol sorry guys... it looks good again. I feel like a damn noob right now. I dont even want to trade on this small TF but THIS CAN GO EITHER WAY. But, things are turning down slightly. If you like a risky stuff. this right here is a risky trade lol. but if you dont wanna risk it I would suggest not trading.RN I think its a 50/50 up/down chance.
stay safe
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