With yesterdays capitulation, it is a good sign that the bottom is in for many coins, at this point, I'm thinking ADA and ETH.
My TA on this chart: > It makes sense that the previous accumulation zone for ADA would be the level of strong support, yellow zone to the previous rally. > It makes sense that the support area will be above this area, as per my buy zone > I have the Inverted BARR strategy cycle starting as per my chart, meaning the cycle started here and will end up here for then next round. So far it has confluence on this. > I have the top down trend line making a strong resistance, confluence with my ABCDE reversal pattern and fib levels as well. > With the daily indicators, I have them crossing over on the daily, giving a positive sign as the bottom is in. > Having a bullish divergence after a capitulation on the daily along a support line with a bullish engulfing candle is a strong business case.
Hence I'm bullish now on ADA.
I also have the ADA.USDT matching this bottom reversal formation, I will post this separately but here is the chart.
ADA.BTC Daily chart with indicator focus:
Please give me a like or tick for this post.
Regards, S.SAri
Comment
⋅
not looking good
Comment
⋅
ADA has broken a key level just like ETH ..the upper trend line. Now I would expect ADA to hit the .23 and above. As for pairing... i still stick to my original post.
Comment
⋅
chart update...bullish div in the making. Lets hope it holds this area. FYI. I have no ada until I see it get to ALT season.