Hi All,
A continuation post from the previous, link below:
Note the chart and the levels.
ADA is doing good as it broke a key resistance level and holding on the daily at the same time, meeting a daily resistance level.
To the script its doing.
I would imagine it will find a squeeze happening in this confined area and then make a big move, hopefully to the upside as I think it will do.
However, i would say you will need to time it well to benefit it from flipping from BTC to ADA and ETH as both have similar results, ETH slightly ahead in terms of chart progress.
You can refer to my previous posts on both ADA and ETH having the same type of top trend line resistance.
Moving forward, its going to be difficult to time it as I have BTC dominance going up and its most likely BTC goes parabolic or it dumps hard.
Both a realistic expectations based on how the price action is going...gaining more speed.
Note the MACD on the daily, reversal in play and the Phoeix high in the bullish zone above 70%
As stated in the past, I'm looking at .23 to .25 as the main target range.
I hope all you do well as I know no-one can tell us what the expected top is for BTC in this run, but also play it safe as BTC is the king so far.
All the best,
S.SAri
Daily chart, as per the text above, main resistance now support while above, a few resistance levels on the weekly and daily
note the levels, inverted BARR structure and targets, all realistic, question is when.
PREVIOUS POST
A continuation post from the previous, link below:
Note the chart and the levels.
ADA is doing good as it broke a key resistance level and holding on the daily at the same time, meeting a daily resistance level.
To the script its doing.
I would imagine it will find a squeeze happening in this confined area and then make a big move, hopefully to the upside as I think it will do.
However, i would say you will need to time it well to benefit it from flipping from BTC to ADA and ETH as both have similar results, ETH slightly ahead in terms of chart progress.
You can refer to my previous posts on both ADA and ETH having the same type of top trend line resistance.
Moving forward, its going to be difficult to time it as I have BTC dominance going up and its most likely BTC goes parabolic or it dumps hard.
Both a realistic expectations based on how the price action is going...gaining more speed.
Note the MACD on the daily, reversal in play and the Phoeix high in the bullish zone above 70%
As stated in the past, I'm looking at .23 to .25 as the main target range.
I hope all you do well as I know no-one can tell us what the expected top is for BTC in this run, but also play it safe as BTC is the king so far.
All the best,
S.SAri
Daily chart, as per the text above, main resistance now support while above, a few resistance levels on the weekly and daily
note the levels, inverted BARR structure and targets, all realistic, question is when.
PREVIOUS POST
Note
daily holdingNote
wow...I did think ADA was going to make it..lucky I got rid of it sooner than later.I will just have to wait like everyone else for this opportunity.
Weekly chart.
Note
Here is the key support line. As long as this holds, its still bullish. If price breaks below this, then we will go down.As for my previous comments, I was surprised that the top trend line did not hold, so I was referring to that.
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This community has signals now but with no risk management comms.
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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.