It has been few days since I haven't update you on ADA. It has to retrace exactly where I was expecting on the breakout of the bearish head n shoulder, touching the 1.9 level. It is now forming a flat triangle. ADA has just breakout a month resistance trendline and I expect it to accelerate to the 2.45 level. I highlighted my Stop Loss which is aggressive. The expected final target of this 4-6 months bull run is around 20 dollars. Short term I expect ADA to find resistance at the 3.1 before the full bull run kick in.
The HTF shows we are now in the 5th impulsive wave of the bull cycle. STF shows that we just completed wave 2 of the new primary trend bull run and we are now approaching the 3rd wave, the most aggressive of the 3 impulsive waves.
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The HTF shows we are now in the 5th impulsive wave of the bull cycle. STF shows that we just completed wave 2 of the new primary trend bull run and we are now approaching the 3rd wave, the most aggressive of the 3 impulsive waves.
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Note
ADA is painting a fakeout while BTC dominance is increasing. It has now touched the aggressive stop-loss, almost liquidating my small entry. I have now dropped the stop loss at 1.9. My bigger entry was at 1.9 and is still running. 2.05 will be a great entry, and I plan to re-enter with a bigger position from now to that level. This one is a great opportunity. Down from here to 2.05 is a loading zone. Trust me is a great opportunity. The stop loss is now at 1.9.
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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.