We still have 1 or 2 days. If the green candle manages to close above the orange resistance, historical resistance, and break the blue descending trendline that we have been carrying with us since May 2021, well, I'm positive for the future.
ADA, if it weren't for the fact that the price is underwater I would say that from a technical point of view it is wonderful.
The trend is clearly bearish and has been falling for months.
Even a child would understand that it is in a down trend, but not so many adults would understand that you shouldn't buy a coin like this while it's falling.
Now, we are at an...
we can observe that the priceaction has respected the blue dotted trendline for quite a while, almost a year. A rupture would almost certainly cause bleeding at least up to $11, which is quite far away. The opposite case sees the break of the high green trendline and the conquest of new peaks.
Based on what happens do your job.
The price is going down within a descending channel for a while.
The bottom is very close.
How much can radix still go down?
The lowest price was 0.08.
The current price is 0.13.
There is still a risk of losing about 40% of the value. That’s not small.
What about enter now?
What is the reward for this risk?
To be very conservative 0.30, a gain of 300%....
We can see that BTC is in a perfectly parallel uptrend channel.
After touching the lower edge, we had a strong reaction.
Now it is about to arrive at a very important trendline. A short entry of $ 46900 should be evaluated.
I think there is a nice chance for a long trade.
As you can see, as soon as we pass this level we are in no man's land and the roof is the stars.
Auctions will start soon. The conditions are there. The price must break the structure with strength. I don't want a low price crawling on the support. In fact, it is also possible to witness fakeouts.
First of all, we can identify a reverse head and shoulder. Bullish sign.
Then, the green line is crossing the red which means price going up (in the 4H). But the most important thing is the blue line crossing the 50 level in the daily, which means big expansion incoming. As the red and the green line are above the 50 lvl (in the daily) the ODD that the expansion...