ADA BTC Head & ShouldersADA Looking like its producing a HS formation.
Proof:
Prior move is Major Intermediate Down Trend
2 M of elapsed Time in the formation
Volume is slanting down.
Fundamentals:
Sundae Swap Impeding Release will cause demand for ADA
ADA has held while other coins have dumped as of yesterday. Seems like tight accumulation
Neck at 3131
Shoulder Peaks at 2600
Going forward:
The Right Shoulder may complete symmetry at 2600. Possible if Sundae is delayed.
Right Shoulder may NOT Complete Symmetry if Sundae Main net is announced.
The RS not going to 2600 is a bullish sing. If you are waiting to accumulate lower you may not get a chance. Any left over funds should be converted @
Entry:
3131 Daily Candle Neck break
When volume is larger than previous 2 days volume from incident of neck break.
Entry price will be higher than 3131.
Stop @ 2990
Targets:
3500
4192
4600