ADA.USDT (Y20.P4.E2.v3).Looking for the next long
Hi All,
Another continuation post, links below.
Main points:
a) upward pressure in the short term. If you havn't bought in, buy after the break of this trend line and its retest.
b) small time frame we have an uptrend
c) at the macro level, this trend line can be support as per chart below
d) Phoeix on the daily has upward pressure
e) Target is based on the harmonic structure which has confluence with the main resistance.
Cheers,
S.SAri
Daily chart
Weekly chart, just by a wisker above the main resistance. Needs to hold
Another continuation post, links below.
Main points:
a) upward pressure in the short term. If you havn't bought in, buy after the break of this trend line and its retest.
b) small time frame we have an uptrend
c) at the macro level, this trend line can be support as per chart below
d) Phoeix on the daily has upward pressure
e) Target is based on the harmonic structure which has confluence with the main resistance.
Cheers,
S.SAri
Daily chart
Weekly chart, just by a wisker above the main resistance. Needs to hold
Comment:
my other chart for a previous post, gives a bullish perspective.
Comment:
My Macro hypothesis
Comment:
2 scenarios...from a bullish perspective.
Some downward pressure is there but not to be deep. We can potentially have a bounce here
Some downward pressure is there but not to be deep. We can potentially have a bounce here
Comment:
Go long with the dips on ADA, I'm bullish as we have not really hit the main resistance.
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This community has signals now but with no risk management comms.
