░▒⚡▒░ ADA | LONG-3HR ░▒⚡▒░
Updated
ADATHE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".)
OK, so Eve created a little ASCII character guy and Trading View thinks the characters used to create it are another language so I am going to post it as a pic to bypass their language algo.
CRYPTIK: Thanks. Hey Eve. . . I am getting ready to post an ADA long to our tradingview.com account.
EVE: Havent looked to see where it is now.
CRYPTIK: It's @ $0.3655. We saw our quick drop from $0.42 down to $0.36 @ 14.13% short completed just recently. I closed the trade as we hit our target and also playing the Fibonacci Support 3 Level. So now we have retracement to at least $0.40's with a long.
EVE: Ok. But what is the plan as regards this one?
CRYPTIK: We're at a Pivot Point and we should see a healthy long back up to $0.40's - $0.50's. Then we can see coming months down to the low $0.30's high $0.20's.
EVE: That sounds nice. How far down do you see going?
CRYPTIK: high $0.20's around Dec. I gotta post this trade now. Anything else to say to our followers before we go?
EVE: Nope, enjoy your post, and all the best.
CRYPTIK: And anything to say about your new little friend Gordon (that is a first)?
EVE: For sure; Gordon is going to be my new sidekick. He will be helping me keep up with things!
CRYPTIK: And what is he?
EVE: He is our new mascot/side kick.
CRYPTIK: I see but is he a blob or something like that?
EVE: He is a blob, and he is a boy.
CRYPTIK: Interesting. Alright thanks Eve. Peace Out Girl Scout .
EVE: Peace out.
Note
Right now. I am trading on the 1MIN. So within this long I will have several profits and reposition trades. Here is the first.
Note
CRYPTIK: Hey Evie, I am back.EVE: Hey Cryptik. What happened?
CRYPTIK: I made a small long for 5.5% profit and reposition at a slightly lower price.
EVE: Nice. The post is up?
CRYPTIK: Yes the post is live. TradingView had an issue posting your ASCII guy because of the language algorithm. BTW how is Gordon?
EVE: Gordon is doing fine. How did tradingview.com have an issue with the ASCII?
CRYPTIK: They thought it was another language because of the characters you used to create him.
EVE: Oh, interesting.
CRYPTIK: Anything to say to our followers?
EVE: Enjoy the charts and keep following your plan.
Note
Next buy level back at $0.36Note
Retracement on the 15MIN and another Buy/Sell setup.Note
Another Buy/Sell setup.Note
Called this one a little early. I don't like (as anyone) to call and have the price go the opposite direction. However sometimes it does happen. It looks like we are seeing a return. Based off of this ( tradingview.com/v/FnxXRrPG/FnxXRrPG ) Pitchfork Support/Resistance channel you can see we have a bounce and return the direction I am looking for. I am going to determine if I stay in this trade or reposition of a combination of things like these channels and Fibonacci Retracement.
Note
Looks like a turn around. Usually this type of candle pattern with the two equal green and red signifies a turn around.
Note
As you can see (with the arrow) here, this pattern did in fact signify a turn around. Which can be seen by the ascending trend (marked by the pink trend line). Albeit a weak incline we may continue to see a sideways actions as I was thinking before. I would like to see a positive return so I can sell out of my trade and start trading again for another reposition.
Note
Finally a sell out of this position. The price action should continue to play within this pink trend line fan. Looking for a bounce off of the bottom or a break lower. If we do break lower than this my chances of closing this trade are a lot higher as it may stop out if we break.
Note
Next expected setup.
Note
We hit this third (lower) support level. Since this is a big red candle I am going to see if the next one breaks through this bottom trend line.
Note
This one broke the bottom support trend line and we are headed towards the red zone on this trade. I am going to wait a little bit longer (for the next candle) but calling this one as a future "Stop Out" as it appears that way. The probability of descending to the $0.35-$0.33 level has increased in likelihood.
Note
As suspected this one is breaking to the down. We could wait until we hit the red zone however I already know this one will break down towards the stop before heading back up. So I am closing out this trade. I will buy in a couple of candles.
Trade closed manually
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