Cardano, ADABTC - And this is what happens when history repeats
Cardano, ADABTC is making a nice bounce as with the market recovery today so let's take a quick look at what to expect from ADABTC from here on.
ADABTC was setting itself up to break the falling wedge pattern (in blue) one way or the other but since we were so oversold and with the indicators RSI and MACD bullish diverging, ADABTC was poised to break to the upside.
Instead of doing a new EW impulse count I wanted to do something different this time and was thinking, "what will it look like if history would repeat itself?", cause as we know history tends to repeat itself.
So that's what I've projected above. It's the exact move and projection ADABTC would make if history and previous EW count did repeat itself.
Keep in mind that this is just to give you a different perspective on the potential next move in ADABTC cause it will be very unlikely that the move will be exactly the same as the previous one.
Rather use this as a sort of a roadmap for potential moves with projections and to see where the (most) important support and resistance levels/areas are.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it. This is for good karma.
And until next time, good luck with your trading!
Disclaimer
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
ADABTC was setting itself up to break the falling wedge pattern (in blue) one way or the other but since we were so oversold and with the indicators RSI and MACD bullish diverging, ADABTC was poised to break to the upside.
Instead of doing a new EW impulse count I wanted to do something different this time and was thinking, "what will it look like if history would repeat itself?", cause as we know history tends to repeat itself.
So that's what I've projected above. It's the exact move and projection ADABTC would make if history and previous EW count did repeat itself.
Keep in mind that this is just to give you a different perspective on the potential next move in ADABTC cause it will be very unlikely that the move will be exactly the same as the previous one.
Rather use this as a sort of a roadmap for potential moves with projections and to see where the (most) important support and resistance levels/areas are.
Leave a comment if you have any questions.
Like the post, if you liked it and share it if you loved it. This is for good karma.
And until next time, good luck with your trading!
Disclaimer
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
