ADA Weekly chart analyze
Updated
hello everybody hope you have good days.
today i want to analyze ADA altcoin in 1W chart for long term.
according to the VASIL hardfork that will be happen in early month (june 2022)
and this upgrade will be so amazing and increase network throghput.
so we have a good fundamental for ADA these days.
now lets go to chart:
you see that we have completed a 5 impulsive wave and ADA saw about 3.20 price
and after that we start a very deep correction.
now you see we can approch end of this correction at the overlap levels
of fibo (ret 0.38 and proj 0.50 like i show on chart) and also we are a good
support level in around 0.4 price.
overlaping this fibo levels and this support strenghen our perdict.
after that we have an ABC correction wave after impulsive an seems to be ended.
our momentum in 1W timeframe is in oversld levels.
now if we lose this support(around 0.4 price) we can go down till brown area
that i show on chart.(this levels is overlap of 100% and 61.8% fibo levels and a good
support level according to history of market.
just dont forget to place your SL below first support level
to prevent losing more if we lose this support.
SL=0.38
thank you all for your support.
!!NOTE!!
((friends when you support me and follow me and comment on my posts
you can teach me more about market.
im very interested to learn more and you are the best teacher.
please support me for more posts thank you))
today i want to analyze ADA altcoin in 1W chart for long term.
according to the VASIL hardfork that will be happen in early month (june 2022)
and this upgrade will be so amazing and increase network throghput.
so we have a good fundamental for ADA these days.
now lets go to chart:
you see that we have completed a 5 impulsive wave and ADA saw about 3.20 price
and after that we start a very deep correction.
now you see we can approch end of this correction at the overlap levels
of fibo (ret 0.38 and proj 0.50 like i show on chart) and also we are a good
support level in around 0.4 price.
overlaping this fibo levels and this support strenghen our perdict.
after that we have an ABC correction wave after impulsive an seems to be ended.
our momentum in 1W timeframe is in oversld levels.
now if we lose this support(around 0.4 price) we can go down till brown area
that i show on chart.(this levels is overlap of 100% and 61.8% fibo levels and a good
support level according to history of market.
just dont forget to place your SL below first support level
to prevent losing more if we lose this support.
SL=0.38
thank you all for your support.
!!NOTE!!
((friends when you support me and follow me and comment on my posts
you can teach me more about market.
im very interested to learn more and you are the best teacher.
please support me for more posts thank you))
Note
Hi friends.if you bought ADA at that support level be careful about risk management and capital management.
if you are in buy positions plz trail your stop loss or at least save some of your profits.and if you bought it at spot market be careful about your profits.
althogh i think ADA start a rally amid VASIL hardfork but you must manage yor risk any time.
Note
ADA holds this level yet.i think ADA hold this level up and go upward
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