Joeshmoguy
Long

ADA-Break up or down?

BITTREX:ADAETH   Ada / Ethereum
Yeah I know I have a mess going on here, but it does make sense. The white triangle is our squeeze point on the upper resistence from our ascending support line. However, you can see the red lines just above the white triangle that represents pretty heavy resistence. Our fib retracement supports our current support line though and if you can see it, the 50ma just touched the 200ma (I charted this golden cross before if you have seen my other charts). I also outlined our elliot wave and by my accounts the best entry point was at .000328 and we started over from there. I have placed my prediction points if it breaks up against heavy resistence and placed the new B point if it breaks down to next support. MACD supports a need to go down before going up and so does the stochastic rsi as they are both in the middle ( MACD slightly above). Further correction down to my first B point would be optimal for a break up. I think we have to wait and see on this one, but if I called it right now I think the golden cross and the elliot waves support a break in resistence.
Comment: We just tested .00036 for the 3rd time today.
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