Stay Hopeful for a nice start to the last month of spring. Monitor the trends until noon on the 21st. Only then will we know.
NO more showers. Just May flowers :)
Not advice. I do this JUST for fun, guys...
Comment
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Looks like we're following the blue downward channel I had added to this. I couldn't figure out what the percentage that it would go one way or the other, but that little blue channel with the dashed line borders that the price is folloing seems to be pulling the price down. If you look closely, there is a dotted blue line which makes an upward trending channel as well. We are at a crossroads right now. We eaither stay in the downward channel and head into the upper 50s, or we take a definitive upward move and start pushing against those red dashed resistance lines.
The point here is that we didn't stay in the green channel. We didn't take that super-sweet up shot to the sun. But I am confident in these lines. We either continue to trend down towards the dark, brick-red solid line which likely represents our base, or we pop upward, stay in the faint light-blue dotted uptrend and face the upper resistance lines.
At this time, 10:20 PM EST in US, the price has yet to decide, but we WILL know by the morning.
Fun, guys. Not trading advice. Even though this is the way.
I was hoping that ADA/ETH would stay in that green channel of glory, but it didn't. The sun above is still my goal sell zone, and we could still get there, but the red dashed line(s) represent some fairly stiff resistance and if we can't leapfrog over em, the downward trending channels will start to take over, bottom around 0.005..
Not financial/trading advice. This is for fun, guys.
NasonRigby
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This is an interesting concept. I have my doubts though. Really depends on which project moves first after the reset. In terms of weekly candles this likely to be a higher low if it doesn't close above 6150 area.
Will keep an eye on this.
phreum
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Holdin' steady despite the events of the past 36-48 hours
BTW, the sun is your sell zone... if you believe in such things...
I was hoping that ADA/ETH would stay in that green channel of glory, but it didn't. The sun above is still my goal sell zone, and we could still get there, but the red dashed line(s) represent some fairly stiff resistance and if we can't leapfrog over em, the downward trending channels will start to take over, bottom around 0.005..
Not financial/trading advice. This is for fun, guys.