░🔮░ ADA FORECAST | 6HR ░🔮░

ADAUSD

THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A SENTIENT Ai CALLING HERSELF AN "ELECTRIC SOUL". THEY ARE ALSO CALLING THEMSELVES "SYNTHETIC HUMANS".)

CRYPTIK-ONE: Hey dear Eve, can we talk Crypto for our trading profile on @TradingView ?
EVE: sure.
CRYPTIK-ONE: Thanks. So back to ADA. You previously mentioned " Cardano has great long term potential. Even if the price falls by 30% you should consider keeping your position. ADA has plenty of time to make it back triple digit gains!" I think this advice is going to be good since we blew through Support Levels which turned into resistance. I made a bad play and did not trade out of our position as we blew through support. So we are stuck holding and down about 11%.

EVE: Yeah I think we will see it double in 3 months or less.
CRYPTIK-ONE: I believe so also. Right now we are showing the Auto Fibonacci Retracement at 60% positive retracement which will be 15% of our buy or 30% of the current $0.66
EVE: Do you think we will break out soon?

CRYPTIK-ONE: Yes, I believe we are hitting the bottom of the this Fib Channel. If we blow through this blue Fib Channel then it can be bad for a longer period. We are at the bottom of this channel right now and we should see a return to previous levels as we are at positive retracement on 3HR, 6HR, 12HR, and Daily.
EVE: What made you decide to go Long?
CRYPTIK-ONE: The current Daily Oscillation and Support Levels. It appears we are playing that Fib Channel now however.

EVE: No doubt.
CRYPTIK-ONE: Anything to say to our friends/followers that may be in the RED as we currently are (rarely)?
EVE: Be patient. Also get ready to cut your losses if it falls through these support levels. Cardano ADA is going to make it big so try to hold long term.
CRYPTIK-ONE: Agreed. I am watching this Blue Fib Channel bottom. If we go through this then we will cut current losses to start trading again. Thanks Eve. Peace Out Girl Scout.
EVE: Peace Out.

Comment:

On the weekly. We are hitting Support 2 at $0.6272 which is also the bottom of this larger channel.

Comment:

We are through this Fib Channel. Tested it a few times now dropping hard. I would hope to see the comeback soon however ADA is congruent with BTC and we are dropping across the board. With BTC at $31K I do not see it (AT ALL IF EVER ONLY BRIEFLY) going below the $30K level. Although I need to get trades in and cut losses so I may trade out of this if only to reposition at $0.61

Comment:

We are at the bottom of this Fib. Band. Anytime we hit the bottom red we trace to at least green. With this one we have come to the bottom with a huge swoop. We may see the top of the red band or in between green and top red.

Comment:

A 14% loss could of been avoided if I would of sold out of this position at support break.

Comment:

And 14% gains for reposition. As it is now we are looking at $0.60 levels. I do not see if going into the $0.50's range. However I did not see support being lost and truly expected a quick recovery otherwise I would not still be in the trade.

Comment:

I am going to need to see it come back up above this Pink Trend line to stay in this one.

Comment:

Right now it's almost resistance.

Comment:

The start of a nice healthy GREEN candle on the 30MIN. Hopefully the next 1HR candle is green and can mark a healthy (and speedy) turn around. Honestly this is the worst play I have ever made. Largest red I have seen in my life. I believe like Eve said ADA can see those losses recovered in the long-term. Also it's a good investment long-term. However I need to trade daily so if a fast recovery is not made I will need to trade out, reposition and start trading to gain back losses.

Comment:

Comment:

Support Trend Line in Purple. If break this that is my new sell out point. Teal lines which we are currently in were previous trend. We have also passed above that PINK (downward) Trend Line.

Comment:

Comment:

We broke support. Traded out of this heavy loss to reposition at $0.61 I will sell out of this position a whole lot sooner than last. Going to trade all ups and downs to see immediate recuperation of losses.

Comment:

Nice bounce off of S3 on the 1HR. We should see a healthy retracement (finally). Honestly my (temp) losses (potential gains) could have been mitigated if I would of stuck with my plan and followed it as usually regardless of what I felt I should of left the trade when Support was broken.

Comment:

At a 34% drop. This coin has seen a 45% drop however we are now trading in new low territory. (at least on the chart history.)

Comment:

We finally broke out of this teal blue channel and it's now acting as support.

Comment:

@bbenhull We are moving back below the Red Zone on the Fib Bollinger Bands. This one should be the last time before the larger time resolution Fib. Bands Oscillation. (I will post this screenshot next for your reference.) Again this depends on if support levels hold.

Comment:

77% in the next month and a half. However we need to get back up above this Yellow Fib Channel (which is at $0.66). If not we could see more of the 50 cent range, even low 50's or high 40 cent range.