Tristan73

Tristan73

Took a position at the lows, 2 nice weekly hammer candles.... RSI and MACD showing some exhaustion of selling since Dec, let's see if we get a move up to the golden pocket. The previous ATH could be considered resistance however that was made more than 2 years ago so most bagholders will have sold by now, it's likely ADA will blow through that. Let's wait and see....

Tristan73 Updated 

Solid project, solid tokenomics, not listed on SEC securities hit list, unique use case. Looks like completed ABC Elliot Wave correction.

Tristan73

I have no idea where bottom is, however based on probabilities and strong support my best estimate for accumulation is 14k, even now I have no issue accumulating for long term....global macro is not good, war, recession, inflation so yes we can go lower, however just like the covid crash we should bounce hard and I simply see all this negativity as a shopping...

Tristan73

The 2019 bottom was in with a break to the upside of falling wedge, there was a basing period after capitulation, a weekly bullish closing candle to the upside breaking the wedge with volume, history may be repeating, currently I am seeing a falling wedge and minimal bullish volume, I also consider war in Ukraine escalating, US Fed, Saylor maybe taking a bath and...

Tristan73

ETH monthly rising wedge.... No indication of reversal yet...trend is your friend until the end. Not buying just yet.....lets see how this plays out. Let fear do the work, 180 positions yet to be liquidated in the ETH liquidity zones lower according to onchain analysis......