ADA Primed for Another Bullish Runw Crypto Traders,
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Analysis:
ADA forming bottom structure. Multiple RSI support validations in the same region, in conjunction w/ the most recent RSI down trend making a higher low.
Volume is setting up for an inverses head and shoulders type of structure. Volume spike over the overhang diagonal resistance line would be a solid entry signal.
VWAP RS flip @ buy trigger. These events should happen concurrently with -DI trending down, as it appears to have hit a local top, signaling a quality bottom structure.
Bottomstructure
ETH: Barely Getting Started!!!My Fellow Crypto Traders,
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T.A :
Based on ETH's historical price analysis, momentum oscillators such as the rsi needed to reset themselves due to the heavy upward price action since Nov. most resets appear in the form of hidden divergence, which seems to a developing narrative that is certainly forming. Therefore using previous divergence trend lines can provide direction for the next trade setup. If narrative plays out, a possible test of green VWAP line for conservative entry.
$750 AAVE By Feb 24th?My Fellow Crypto Traders,
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ANALYSIS:
AAVE developed a base that should be the bottom of the correction, as the previous bottom was not invalidated. EMA's are converging post negative price action in which an aggressive move to re-test the daily R1 would be a nice scalp targe if an entry was placed @ the local bottom.
If BTC and ETH remain in this bullish trend, AAVE should re-testing ATH, then correct for structural footing. If AAVE penetrates the daily R2, on a bullish vibe, overhanging diagonal resistance could cause a sharp correction to the .382 - .236 fib levels. AAVE should find plenty of support in that region due to the region being heavily traded that has been validated as support. Anchored VWAPS from 78th and 103rd bar of price action provides confluence for support being found @.382 - .236 fib levels