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I’m sure it was just a coincidence but ADA broke out of the bullish flag pattern a few hours into July 25 as I guessed/predicted/surmised in my first post.
If it continues to follow the rules of trading patterns as it did so precisely in the first 2 setups, we should reach approx. $0.183, a $0.053 breakout of the Flag/ Pennant formation for the 3rd time in a row.
From there your guess is as good as mine but my hunch is, if this run up was all about the Hard Fork, it retraces. If there was more to the run up than just the HardFork then we’ll see.
I’ll apply some more Fibonacci-based fuzzy math to ADA and see what I come up with.
Thanks for reading.
If it continues to follow the rules of trading patterns as it did so precisely in the first 2 setups, we should reach approx. $0.183, a $0.053 breakout of the Flag/ Pennant formation for the 3rd time in a row.
From there your guess is as good as mine but my hunch is, if this run up was all about the Hard Fork, it retraces. If there was more to the run up than just the HardFork then we’ll see.
I’ll apply some more Fibonacci-based fuzzy math to ADA and see what I come up with.
Thanks for reading.
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