So what's basically going on is we had a massive weird bullish Harmonic Pattern. The pattern is consolidating towards its end and I think we're going to have a small bullrun starting sometime in the upcoming weeks. My guess is ADABTC is going to be doing a pretty sexy full x2 double your money magic. The Candlesticks should follow the green line. They are moving within 2 triangles, one of which looks like a pretty symetrical Bullish Pennant. This one within another one which looks like an Ascending Triangle Pattern. Then, as if what I just mentioned before wasn't enough, everything is also happening within a beautiful Inversed Head & Shoulders Pattern.
Entry point around 1160 satoshis.
Stop Loss at 1090 satoshis.
Take Profit at 2400 satoshis.
Risk Reward Ratio a magnifiscent 1:17,71.
Verdict: GO LONG!
Comment:
A descending triangle pattern has shown up. There is a bigger chance that the next move is downwards.
Comment:
ADAUSDT looking very good. Should be going to new highs as soon as it breaks that falling wedge up.
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Also, in the previous chart, MACD line on the 4h timeframe is ut to cross up.