LOOKING AT THE ADA CHART IM SEEING A RISING WIDENING WEDGE DRAWN IN YELLOW THAT DATES BACK TO FEBRUARY 6TH. WITHIN THE WEDGE I SEE A RISING CHANNEL OULINED IN WHITE. WE ARE RIGHT AT THE BOTTOME OF THAT CHANNEL SO WHAT HAPPENS IN THE NEXT FEW HOURS IS GOING TO TELL US ALOT MORE. ALSO WITHIN THIS CHANNEL IS A TRIANGLE ALSO COMING TO AN END AT THE AREA OF CONFLUENCE. IM LOOKING FOR IF ADA WILL TAKE A DIP DOWN TO THE DOLLAR SUPPORT LEVEL. THAT WILL BE A GOOD AREA TO TIER IN SOME BUY ORDERS. I BELIEVE IF WE GO FARTHER BACK WE WILL RETRACE TO AROUND THE .80 AREA. I WILL BE LOOKING FOR A GOOD BUY OPPORTUNITY OR SWING TRADE WITH ETH OR BTC. IF ETH AND BTC PUMP WHILE WE GET A PULLBACK ON ADA THE SWING TRADE WILL YIELD A MUCH HIGHER PERCENTAGE GAIN WHEN TRADING TO ADA AT THAT TIME.
I feel like we are going to get somewhere close to $1.15 before it picks.
It has been in this same trading channel for a month now.
Brial88
⋅
think it's going to go up once it reaches the end of that white triangle. I did the same analysis and the patterns are in favor of an upward trend
Conspander
⋅
We are right at the $1.15 I predicted was the movement point. Should know which way it's going to go soon. However, with the RSI being so low and it being at the bottom of an existing channel I feel fairly confident we are heading up.
It has been in this same trading channel for a month now.