Hello, I am keeping this sweet and short.
Our strategy has indicated a long around $1.29 (78.8% successful strategy, with over 2800%+ in 1 year, please check the trade history).
However, there is a bearish play here, as ADAETC pair and ADABTH pair are both failing to break out of their respective wedges and into bullish territory.
We are seeing more muddy waters, as dips in ETH and BTC are both affecting ADA indirectly.
Red horizontal line indicates a strong bearish trend as this invalidates the large bullish H&S or cup that's being played out on the larger TF.
And vice versa, green horizontal line validates the break out of this consolidation phase and into the new ATH.
However, I have highlighted two paths that it could take possibly.
Currently the technical studies are mostly pointing towards consolidation and somewhat bearish short term trend. As well as the Order Flow and MDR are all indicating heavy heavy heavy selling pressure. It has been continuously selling heavily since the last month. There isn't that much buying power, just single outbursts, but no collective movement.
However, fundamentals are very strong with good news. So let's see.
Will update when our strategy posts a sell.
TP levels are $1.45 and $1.6
Invalidation and start of bearish is red horizontal price line.
Our strategy has indicated a long around $1.29 (78.8% successful strategy, with over 2800%+ in 1 year, please check the trade history).
However, there is a bearish play here, as ADAETC pair and ADABTH pair are both failing to break out of their respective wedges and into bullish territory.
We are seeing more muddy waters, as dips in ETH and BTC are both affecting ADA indirectly.
Red horizontal line indicates a strong bearish trend as this invalidates the large bullish H&S or cup that's being played out on the larger TF.
And vice versa, green horizontal line validates the break out of this consolidation phase and into the new ATH.
However, I have highlighted two paths that it could take possibly.
Currently the technical studies are mostly pointing towards consolidation and somewhat bearish short term trend. As well as the Order Flow and MDR are all indicating heavy heavy heavy selling pressure. It has been continuously selling heavily since the last month. There isn't that much buying power, just single outbursts, but no collective movement.
However, fundamentals are very strong with good news. So let's see.
Will update when our strategy posts a sell.
TP levels are $1.45 and $1.6
Invalidation and start of bearish is red horizontal price line.
Comment:
Congratulations for those of you that took profit at the given targets. We are still holding. No sell signal yet.
Comment:
We will continue to ride the original buy signal we had, and for those of you that took profit at 1.45, and 1.6, we will re enter the trade at 1.45. It should average out the trades incase it drops, but it seems it is on the run to $2. DOGE has liquidated immensely, over 4 Billion decrease in volume, and all that volume has flood into notable alts. You can see the volume of everything else doubling, ADA from 600M two days ago to over 1.6B now.
* Increase in volume + in crease in open orders + increase in price = VERY strong bull trend.
* Increase in volume + in crease in open orders + increase in price = VERY strong bull trend.
Comment:
Our strategy has indicated a sell.
Congratulations! Very profitable trade setup.
I will update here once we get another buy signal. But strictly from the charts a buy between $1.35-$1.40 will be advised due to the bullish cup pattern it MIGHT form. The bottom part of the handle will be $1.35-$1.40 on the 1H Time frame(TF). This will make it a bullish set up for $2. Otherwise, buy 30% around $1.35, and buy deep around $1.15.
Congratulations! Very profitable trade setup.
I will update here once we get another buy signal. But strictly from the charts a buy between $1.35-$1.40 will be advised due to the bullish cup pattern it MIGHT form. The bottom part of the handle will be $1.35-$1.40 on the 1H Time frame(TF). This will make it a bullish set up for $2. Otherwise, buy 30% around $1.35, and buy deep around $1.15.
Comment:
Buy signal has been generated right away as well at $1.56
However, this is near the ATH. I would NOT suggest buying around this price. Perhaps wait for a contest downwards to $1.45.
If you want to follow our strategy, even though it's buying at a higher price around $1.56, I suggest you set TP levels at $1.6, and $1.7 , taking 20% profit each time, and letting the rest ride till $2.
Because right now the possibility of crash is still likely, because the pair is struggling still on ADAETH pair.
However, this is near the ATH. I would NOT suggest buying around this price. Perhaps wait for a contest downwards to $1.45.
If you want to follow our strategy, even though it's buying at a higher price around $1.56, I suggest you set TP levels at $1.6, and $1.7 , taking 20% profit each time, and letting the rest ride till $2.
Because right now the possibility of crash is still likely, because the pair is struggling still on ADAETH pair.
Comment:
screenshot of the previous trade.
Comment:
We have a sell signal at $1.72 right now.
Congratulations! That's a successful 40% in 2 days!
Move stop loss up to 1.65 for the remainder if you're still waiting till $2.
Congratulations! That's a successful 40% in 2 days!
Move stop loss up to 1.65 for the remainder if you're still waiting till $2.
Comment:
Broke another ascending wedge with new high!
Comment:
Hold strong - we have taken profit at $1.75 as suggested. Now hold till $2 or until the sell signal is posted here.
