ADA held the 100sma 🟡 on the daily chart and came up to the top of the pattern for a test of the highs. I think a slight retest of the 100sma for extra support and continuation of higher lows would be great for a next move. Unfortunately If it fails to hold these levels, the next stop is the 1.618 at 0.38-0.39 which happens to fall on top of the 200 and 233sma
A...
It's fascinating in my own work how all these cryptos have these similar geometric break points. This one point crossing that red line was lined up with geometry on som many other cryptos.When i discover why i think will be using curves.
ADA is looking pretty great trading inside this wedge with having 3 wicks at the top in just the past week, if we don't break through here there is a chance we start to come back down a little but i believe a breakthrough of the wedge is coming. First of all a huge factor for this is continuing to hold above the the pivot point which we have been doing quite well,...
As you see in the 4hour chart of Cardano. It has broken the channel line and Its about to complete the pullback to the broken line. Also in the previous downtrend according to Elliott wave theory and the RD+ that we can see in the MACD It all demonstrate that the lowest price that ADA touched at about 1.0100 was the end of the 5th wave of Elliott So it means that...
Hi guys as mentioned in chart it is testing a very hard resistance so if it clears this resistance then enter a long position after that it would be a nice long position
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