TradingView
dRends35
Dec 26, 2021 11:19 PM

ADA - About To Breakout  Long

Cardano / US DollarBinance

Description

Continuation of previous thread - ADA looks set to break out here.

Pushing up against 200EMA finding higher lows in what is probably a pre-breakout contraction fractal.

Rhythmic contraction of coppock curve reveals impetus of initial impulse upward which rose to 20 and now curls upward on 0 point - indicative of trend continuation.

Guppy EMA tool turning green also shows probable trend continuation.

Not advice.

Comment

See previous thread for more detailed TA on finding this breakout.

Comment

ADABTC daily RSI shows what is about to happen here.

Heavy bullish divergence since October now thrusting up 60.

Whenever BTC bounces, ADA will probably punch through resistance and move on up.

Comment

Updating on my linked BTC thread in regard to ADA and crypto as a whole.

Comment

See also recent post "BITCOIN - Alternative Count" for details. Whichever count is correct ADA looks primed to pump on any BTC bounce.

Comment

Next BTC update in linked ideas. Breakout coming for ADA when BTC bounces.

Comment

New ADA thread in my ideas page.

Comment

New ADA thread fully equipped with rocket emoticons.
Comments
TradingView
Clean Chart!
dRends35
@TradingView, Thanks Boss 👍🏻.
Super_B_XinR
@TradingView, Generous
HHSPN
Great call!! What is a possible upside target for this run? If BTC is going to tank soon, it might take alts down too for another chance to accumulate ADA if one believes in this block chain.
dRends35
@HHSPN, Its very difficult to give targets, I'd rather just see a bit more. But take a look at BTC bounce in May and overlap ADA chart to see what happened there.
x333-
now how did you color that?
dRends35
@x333-, Its CM SuperGuppy.
chadk87
Yeah you were wrong as shit about that one lol
dRends35
@chadk87, Not really my entry is $1.23 and it did breakout as I said it would. Best of luck on your first chart sour grapes.
EnoHayes
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