ADAUSD Break To Upside and Key Areas
Updated
Important Things To Note:
The overall market speaks for itself. I have said it many times, we are in for a ride.
BTC looks great. I have a target of 100K for this leg from cup and handle pattern.
All of the Totals reaching ATHs
ADA has finally broken out (we knew it would).
It should follow the map I laid out for you guys in previous posts.
ADA will finish its cup.
Expect consolidation near resistance. (not too much) Volume will need to fill.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
So things are looking great for the market. I told you alts would start moving sooner than you thought and they are. There are plenty of opportunities and I tried to give you a few while you waited for ADA to breakout. I have a cup and handle target that was made a few days ago by BTC of around 100K (looks like PlanB is going to be right again). The structure of ADA turned bullish and when I saw the confirmation, I let you guys know in an update. I hope you read it. Just like I had planned, we got our breakout and are currently seeing the formation of our cup. There will be consolidation along the way, however its looks pretty good until we hit the resistance I marked on the chart. From there, the volume will need to fill a bit. A lot of you wanted to sell ADA, however if you spoke to me directly you know how I felt about that. This is a great example of keeping your emotions in check. You knew ADA would break out. The pattern was right there. I mapped it out as clear as day. So, if you couldn't control yourself, consider this a learning lesson. Now, like I said before, sit back and enjoy the ride. As always, I will keep you in the loop with what I see. Thanks again everyone!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
The overall market speaks for itself. I have said it many times, we are in for a ride.
BTC looks great. I have a target of 100K for this leg from cup and handle pattern.
All of the Totals reaching ATHs
ADA has finally broken out (we knew it would).
It should follow the map I laid out for you guys in previous posts.
ADA will finish its cup.
Expect consolidation near resistance. (not too much) Volume will need to fill.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
So things are looking great for the market. I told you alts would start moving sooner than you thought and they are. There are plenty of opportunities and I tried to give you a few while you waited for ADA to breakout. I have a cup and handle target that was made a few days ago by BTC of around 100K (looks like PlanB is going to be right again). The structure of ADA turned bullish and when I saw the confirmation, I let you guys know in an update. I hope you read it. Just like I had planned, we got our breakout and are currently seeing the formation of our cup. There will be consolidation along the way, however its looks pretty good until we hit the resistance I marked on the chart. From there, the volume will need to fill a bit. A lot of you wanted to sell ADA, however if you spoke to me directly you know how I felt about that. This is a great example of keeping your emotions in check. You knew ADA would break out. The pattern was right there. I mapped it out as clear as day. So, if you couldn't control yourself, consider this a learning lesson. Now, like I said before, sit back and enjoy the ride. As always, I will keep you in the loop with what I see. Thanks again everyone!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Note
So I understand there is a bit of confusion. This chart is more of a bigger picture. I wanted to show how before it starts moving up, it will hit resistance and need to fill the volume gap. This will coincide with a cup and handle most likely. I am not saying that I think the price will keep going non stop without consolidating until that point. I thought that was obvious, but I should have mentioned it for people that might not understand. The RSI is maxed out (in the short term) and will need to consolidate.
Note
So I thought I would mention that the 2nd leg has officially started. I see can the metrics on chain so the clock is ticking now. The leg has 2-4 months in my opinion.Note
If anyone is wondering what is going on, smart money has taken profits from alts and rotated into BTC for the next push so It will likely be large. Then they will rotate back etc. Nothing has changed in terms of outlook. This is a normal rotation. Try to be calm lol.
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