The Cardano Megapump Dream

16 thg 12, 2017

ADA is showing signs of the beginning of an elliot wave megapump. Target 5k. Using correlation to last XRP's big pump from last year.
4h RSI and 1h MACD seem to be very convinced that this run is not over yet. This pump will likely be much faster paced that XRP last year, as Cardano seems to have a little less than 2x as volatile of a market cycle. Should be interesting to watch play out.

XRP chart for correlation, ADA is in the phase within the blue circle

16 thg 12, 2017

Ghi chú

Well... That escalated quickly.

17 thg 12, 2017

Ghi chú

I'm out with my trading stash. Got some locked up for long term hodl, but with bitcoin gearing up for another parabolic pump, I think it is safe to sit out for now. This finale pump was pretty lack luster, I wouldn't be surprised if ADA still makes a run at 5k after taking a quick break or forming another bull flag.

18 thg 12, 2017

Ghi chú

Incredibly, the indicators and momentum are hinting that this run is not yet over. If it follows through the entire cycle, this is what i'm expecting to happen. Watch the parabolic blowoff and sharp pullback stage in the next 24 hours. Try to sell the top and buy the bottom and then hodl for 5k.

18 thg 12, 2017

Ghi chú

She's definitely not finished yet. 1h Macd crossover will probably trigger the pump. Price hanging steady about the 1h 50 SMA, which is rediculous after this pump, very very bullish.

19 thg 12, 2017

Ghi chú

No updates other than it isn't finished. 4h and 1h stoch are now bottomed and flipping bullish again. Could see one massive pump to 5k+ before the end of this run

3 thg 1, 2018

Ghi chú

I sold a while back, but I figure if you're still holding, anywhere between here and 10k is a solid sell

3 thg 1, 2018

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