I've been learning a lot more about ADA lately and I like what I'm hearing a lot. I would like to enter a position, and I'm trying to figure out when is a good time. Overall, ADA's price tracks similarly to the overall market right now, so as the market goes ADA will go. That aside, I started to see if I could project a little further into the future with this...
Anticipating a small pullback on ZIL. Generally, I think we're entering a new bull market, but ZIL moved a little too aggressively and has tripped multiple indicators. Anticipating a temporary pullback before the next impulse.
Thoughts?
I wanted to take some time after this last night to learn what was happening with ETHUSD. It was an awful first quarter, but last night was the first time RSI hit an extreme. The impulse down was nearly equal to the prior two, but I expect the RSI to trigger new long volume, which will turn the latest bar into a bullish hammer. Together, these become...
Observed that there seem to be some standard ceilings and floors to this asset that follow an upward channel. They don't seem to follow the standard fib sequencing exactly, but the channels matched well. Also saw some relationship with RSI at pivot points.
Relatively new to these techniques, so please advise how to improve. Thoughts?
Tracking ZIL as well, looks like a bullish pennant has formed converging nicely with the overall upward and downward trend lines.
Keeping an eye for a crossover in the MACD & Signal here in the next week.
Lastly, looks like the movement of ZIL has been predominantly independent of the downward trend in ETH/USD, so looking for a bullish pivot regardless of the...
Looking at a bullish indicator during an uncertain time for ZILETH. Action seems to be occurring independent of ETH/USD movement.
Looking at MACD for reinforcing behavior in the next week too.
Relatively new to these techniques; what else do you see?
