Hello everyone,
I would like to share my idea where we currently go as ADA in next hours-days.
I will use 6h and 1D TF
-On 6h we currently experiencing minor correction between support and resistance ( WHITE lines) and still holding support on our GREEN lines uptrend.
So I would rather call it re-acumulation before our next move, which I believe is one more leg up before Septembers major correction. There are some reason on my thouths:
- If we look closer on charts and TA we can see there is repeating chart pattern same as after first leg up in May and then in June with increasing buys and decreasing sells. Followed with increasing volume .
-We holding our uptrend support
-RSI on 0 in oversold area
-RED RSI around 50 are with GREEN above ( all that in down pressure)
On 1D TF:
Is our repeating patter I was speakin bout.
BUT what is important is, we can see our WHITE energy is moving up followed with GREEN energy which is ahead ( good sigh) and RSI still over 50.
-Another important fact is we HOLD our BLUE SMA 50 (same as May and Jun) and bounced back close under 20SMA..
All this pointing on situation where we can expect in next hours/days another leg up with chance around 70% and our goal 0.17$ cents.
-For safety trading and not ruling out our 30% bear scenario I would suggest using stop loss somewhere under 50day SMA . Depends on yours trading strategy.
Thats all.
Thanks everyone for reading.
If you liked my idea and analyse please click follow button for my next updates. I much appriecete it.
Stay blessed
--Information provided is only educational and should not be used to take action in the markets, always make your own reaserch--
I would like to share my idea where we currently go as ADA in next hours-days.
I will use 6h and 1D TF
-On 6h we currently experiencing minor correction between support and resistance ( WHITE lines) and still holding support on our GREEN lines uptrend.
So I would rather call it re-acumulation before our next move, which I believe is one more leg up before Septembers major correction. There are some reason on my thouths:
- If we look closer on charts and TA we can see there is repeating chart pattern same as after first leg up in May and then in June with increasing buys and decreasing sells. Followed with increasing volume .
-We holding our uptrend support
-RSI on 0 in oversold area
-RED RSI around 50 are with GREEN above ( all that in down pressure)
On 1D TF:
Is our repeating patter I was speakin bout.
BUT what is important is, we can see our WHITE energy is moving up followed with GREEN energy which is ahead ( good sigh) and RSI still over 50.
-Another important fact is we HOLD our BLUE SMA 50 (same as May and Jun) and bounced back close under 20SMA..
All this pointing on situation where we can expect in next hours/days another leg up with chance around 70% and our goal 0.17$ cents.
-For safety trading and not ruling out our 30% bear scenario I would suggest using stop loss somewhere under 50day SMA . Depends on yours trading strategy.
Thats all.
Thanks everyone for reading.
If you liked my idea and analyse please click follow button for my next updates. I much appriecete it.
Stay blessed
--Information provided is only educational and should not be used to take action in the markets, always make your own reaserch--