Please refer to our previous post:
Here is another post we made almost 3 weeks ago that has finally had a confirmation. Current day we just got that retest! As you can see (green circle) both daily candles held the body above the yellow line giving us our first confirmation of a successful retest. We were predicting the retest to fall between $0.72-$0.74 but since it took longer than expected it ended up being $0.69-$0.70. If this retest remains successful we should see a continued move to around $1.14-$1.20. Maybe as high as $1.70 depending on strength.
However due to BTC's current state we cant rule out the bearish scenario. If BTC starts to close below $112k then most likely ADA will fall below our triangle pattern. If ADA falls below and starts closing below the yellow line that would signal a false break. At the moment this is the less likely scenario given the market structure built, but something to watch closely.
Here is another post we made almost 3 weeks ago that has finally had a confirmation. Current day we just got that retest! As you can see (green circle) both daily candles held the body above the yellow line giving us our first confirmation of a successful retest. We were predicting the retest to fall between $0.72-$0.74 but since it took longer than expected it ended up being $0.69-$0.70. If this retest remains successful we should see a continued move to around $1.14-$1.20. Maybe as high as $1.70 depending on strength.
However due to BTC's current state we cant rule out the bearish scenario. If BTC starts to close below $112k then most likely ADA will fall below our triangle pattern. If ADA falls below and starts closing below the yellow line that would signal a false break. At the moment this is the less likely scenario given the market structure built, but something to watch closely.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.