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ADA Short Term Possibilities
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Important things to note:
BTC pushing for 50K
ADA needs to break diagonal trendline (resistance).
If ADA cannot break out, it will fall to support and bounce.
The red lines are support including diagonal support.
I have marked the double bottom support from the 1D chart.
If ADA can break out of diagonal resistance, it will need to make a higher high.
Once this is done, I see one more movement at most before it consolidates downward for next movement.
We are in a bullish trend.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
I am going to make this short because I am crunched for time. BTC is going for 50k, we will see how that goes, if it fails, I can see another higher low at 44k and bounce. ADA will need to break out of its diagonal trendline (resistance) and make another higher high. If it cannot do that, it will get pushed down. Hopefully I get my double bottom from this but we will see. It can hit any of the red support lines including the diagonal support. If it breaks out to the upside of the diagonal resistance, it will hopefully create a new higher high and maybe have 1 more movement in it before it starts a consolidation pattern downward. There are all the movements I see at the moment. You already know the one I am looking for personally. Remember, we are in an bullish uptrend. Do not let your emotions get the best of you. You will be fine. If the opportunity presents itself, DCA. Otherwise, just sit back and relax. I will continue to watch ADA and update you all on the movements. Thanks again!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
BTC pushing for 50K
ADA needs to break diagonal trendline (resistance).
If ADA cannot break out, it will fall to support and bounce.
The red lines are support including diagonal support.
I have marked the double bottom support from the 1D chart.
If ADA can break out of diagonal resistance, it will need to make a higher high.
Once this is done, I see one more movement at most before it consolidates downward for next movement.
We are in a bullish trend.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
I am going to make this short because I am crunched for time. BTC is going for 50k, we will see how that goes, if it fails, I can see another higher low at 44k and bounce. ADA will need to break out of its diagonal trendline (resistance) and make another higher high. If it cannot do that, it will get pushed down. Hopefully I get my double bottom from this but we will see. It can hit any of the red support lines including the diagonal support. If it breaks out to the upside of the diagonal resistance, it will hopefully create a new higher high and maybe have 1 more movement in it before it starts a consolidation pattern downward. There are all the movements I see at the moment. You already know the one I am looking for personally. Remember, we are in an bullish uptrend. Do not let your emotions get the best of you. You will be fine. If the opportunity presents itself, DCA. Otherwise, just sit back and relax. I will continue to watch ADA and update you all on the movements. Thanks again!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Nota
That big long red line from VPVR is also resistance.Nota
This does not change my targets. The structure is the same. I just wanted to give you guys an update so you understand the movements a little better. (some of you might understand already)Nota
BTC made a new high, that's pretty good, if it tried for 50K and didn't make at least a new high, 44k was next.Nota
You will likely see 3 small bottoms during this pullback leg prior to the support level ADA will bounce from. We have already seen the 1st. I am crossing my fingers, the last bottom will be 2.03. By the look of the retracement of the 1st bottom, that seems likely right now.Nota
Bearish divergence for BTC. Is it going to complete the IH&S pattern at 44?Nota
FYI there is a pretty wild thunderstorm going on right now and my power just came back on. I am on a hill by the ocean and am prone to strong thunderstorms. This causes the power to go out usually, so my connectivity may be spotty until the storm passes.Nota
Take a look at SHIB and tell me what you see. I have ran this on the 1st of OCT and plan to continue running it until its parabolic run is finished. I do not normally talk about my personal trades because that is not what this is for. But I want you to get used to spotting these things. I do not recommend entering this long term. I just want to know if you see what I see. So, what do you see?Nota
Also, before I go to bed, a little update on BTC: I believe BTC will try to reach for 50-51K, then I see a pullback to form a major higher low and a bounce. However, when things are this bullish, who knows what will happen, the FOMO is strong right now. The plan is the same for ADA that is on my last chart. It is waiting on BTC to actually make a move.
Nota
Goodnight everyone!Nota
I hope you guys checked out SHIB when I made an update on it last night.Nota
BTC testing 51k right now.Nota
The internet is out at my house because of the storm. I am bouncing around to my friends house and am out and about right now. I will be back later (hopefully) with another update. My last chart is still in play. Please refer to it for your ADA targets.Nota
I just got home, and my internet is working. ADA looks like it is consolidating for a move. I have a bit of work to do and I will put out a chart later tonight. Things are looking great though. The price is coiling and looking like it will make a move to the upside soon. There is always a possibility for a small downward higher low with a bounce, but right now it looks ready to move.
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