c3l3x

14:14

c3l3x

Hello friends! As forecast, yesterday ADA/USD stayed under the 1.34 fib dropping to a low of 1.12 but rallying at the end of the day to the upper 1.20's. Today, I'm making a quick video to take a look today's intraday forecast, if the bottom is in, and an update on ADA @ $3.00 Bottom line - ADA/USD appears to be at its bottom for this correction but prices...

c3l3x

Hello friends! As forecast, ADA/USD stayed under the 1.34 fib. Prices did briefly drop to 1.17, but mainly were in the 1.20 to 1.25 range. Markets were generally sour, and may not turn around for a few more days. Today expect more downward price action, then flattening out in the next 1-2 days. Intraday (next 24 hours) Summary : Continued fall in prices,...

13:33

c3l3x

Yesterday's forecast was for a continued drop, but the depth surprised. Along with the broader crypto market, yesterday ADA/USD experienced a flash crash on regulatory fears that sent prices as low as the 1.03 fib before bouncing back up to the 1.28 level. The timing of the crash was fortuitous. We now have new candles for many multi-day timeframes from 2 days...

c3l3x Updated 

As forecast, ADA/USD fell again yesterday, though not as low as possible. Price action was slow to move during the day, in contrast to bigger swings of previous days. Today may be similar. The correction risk that I highlighted several days ago continues to play out. Most significantly, today we see in the 1-day chart the green EMA indicator having crossed...

c3l3x Updated 

Yesterday's forecast called for ADA run up to the 1.53 fib, but indicators were not clear on whether this would then result in a breakout, or trigger a retracement. As we saw, after hitting 1.52, ADA started a 14% retracement. Since hitting 1.33, prices have rebounded to narrow region under the 1.44 fib but above 1.40. It would have been easy to dismiss the...

15:42

c3l3x Updated 

I frequently post TA ideas for Cardano (ADA/USDT). Today I thought I would take a look at DOGE given the recent impulse move and see where prices go in this leg up. After sideways price action in March for many altcoins, trends have started to reverse to the upside, BTC has new ATH's, and BTC dominance is below 55%, telling us that the next wave of this altcoin...

c3l3x Updated 

As forecast, yesterday prices remained largely sideways around the 1.45 level. There was no drop below 1.40, and no rally to test the 1.53 fib. Today may see a challenge to the 1.53 resistance level, and possible breakout which could carry prices to 1.60+, but a rejection seems more likely and could trigger a retracement. Intraday (next 24 hours) Summary :...

19:05

c3l3x Updated 

With a TK cross in the Ichimoku cloud, daily MACD crossover, new BTC ATH, and ADA/USD breakout above 1.34, it looks like the reversal we've been waiting for is finally here after more than six weeks. In this video, I discuss the possibility of breaking above $3 by May 1st, as suggested by David Ward (@Wycoffmode) in his most recent video. David has great...

c3l3x

Yesterday was an exciting day for ADA, with a major rally thanks to new BTC ATH, the Coinbase listing, BTC dominance falling below 55%, and other excitement. First, my forecast for yesterday was: 1) Possible dip to the 1.34 support level (retest) 2) Possible test of the 1.47/1.50 resistance level (not likely to be broken) Although it was close, my forecast was...

c3l3x Updated 

A new BTC ATH helped carry ADA to a breakout above the 1.34 channel. It could not reach the ATH or the resistance levels near it in the 1.47 to 1.50 range, however. Today may have two interesting things in store: 1) Possible dip to the 1.34 support level (retest) 2) Possible test of the 1.47/1.50 resistance level (not likely to be broken) Intraday (next 24...

c3l3x

Today's ADA/USD breakout and price forecast was realized when BTC reached a new ATH above $63k, causing ADA to surge up almost 8% This breakout above the 1.34 resistance level/fib/top of price channel looks like it will hold. If so, 1.34 is the new support level How far will prices rise before retracing? [/b Indicators across intraday timeframes are...

c3l3x Updated 

As forecast, yesterday ADA/USD rallied to 1.31+, touching the top of the channel at the 1.34 fib (but not breaking out) before retracing to 1.26 and then regaining the 1.30 region. In this update I will only look at the next 24 hours, as I have a bigger update planned for tomorrow and I am short on time. Intraday (next 24 hours) Summary : Likely test of the...

10:42

c3l3x Updated 

In this video I look at indicators in several timeframes in the next 1 week to 2 weeks. We have new 1W and 2W candles today, but both are too new to give strong indications, so I look at other timeframes and see a similar pattern for all of them. For the rest of this month we can expect ADA/USD to range in the current channel. Based on the pattern of...

c3l3x Updated 

As forecast, yesterday ADA/USD rallied to 1.25+ reaching almost 1.29, just as it did on April 6th. Cardano founder Charles Hoskinson's update on operations and the ADA roadmap excited investors. Prices could not reach the top of the current price channel at the 1.34 fibonnaci level, but ADA finally had some interesting price action. Let's look at the next 24...

c3l3x

This update will be brief, as I'm recovering from a hand injury. Yesterday's forecast was partially invalidated when BTC when it broke $60k and attempted (but failed) to hit a new ATH. The last time BTC when to $60k, ADA rallied to the 1.34 fib. Yesterday, it could only manage 1.25. This shows that upward pressure is weak, and also be affected by rising BTC...

c3l3x Updated 

Yesterday's ADA/USD forecast was for rise to the 1.25 region followed by a drop to the 1.18 region. Prices didn't quite swing that far, but did reach 1.22 and dropped to 1.19 in very narrow trading. ADA continues to be the most boring large cap crypto, despite a bright future. Today we have a new 3-day candle in addition to the daily/intraday candles. Let's see...

07:13

c3l3x

Today we have a new 9 day chart. While we wait for several of the multiday charts to close (and a new weekly and 2 week chart at the end of the weekend), I take a look at the indicators in the 8D (5 days left) and 9D (new) charts. Overall, there is increasing risk of a correction to or below 1.00 starting the middle of next week and through the end of the month....

c3l3x

Yesterday's ADA/USD forecast was for a drop to the 1.15 region and possibly to 1.11. ADA dropped to 1.16 but did not fall further before returning to the 1.20 region on BTC's rally. ADA/USD ended the day up 3.8% while BTC was up 3.7%, showing that ADA is currently behaving like a piece of paper blown around a narrow alley by the winds of BTC. Indicators...