Hi All,
Some thoughts around ADA in the short term. All Bullish.
If we look at the ADA.USDT chart, we can observe below why it made a break out.
Note the following:
> fib level and how the EMA ribbon has confluence for the 8 HRLY and the candle sticks.
> the next level is a strong resistance with a no. of rejections at this level. But eventually it will break.
> So if it doesn't break now, it will in my opinion form a bullish micro formation just underneath for there is too many things going on for ADA, in the news.

:::::::::::::::::: Observations :::::::::::::::::::
> Breakout was caused by a bottom W formation under the resistance as per chart below, for ADA.USDT. Soon to test the next resistance.
> All 3 indicators on the 8 HRLY, show bullish reversal, WT signals crossed over, waiting on the MACD.


:::::::::::::::::: My thoughts ::::::::::::::::::
> I have drawn the channel lines and potentially 2 scenarios. We cannot ignore this bullish candle.

Macro level targets based on inverted BARR strategy

::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
ADA weekly chart > Conclusion, more room to go higher
Note indicators and MS\MR (monthly support and resistance levels) levels

Enjoy,
Please give me a like or tick for this post
Some thoughts around ADA in the short term. All Bullish.
If we look at the ADA.USDT chart, we can observe below why it made a break out.
Note the following:
> fib level and how the EMA ribbon has confluence for the 8 HRLY and the candle sticks.
> the next level is a strong resistance with a no. of rejections at this level. But eventually it will break.
> So if it doesn't break now, it will in my opinion form a bullish micro formation just underneath for there is too many things going on for ADA, in the news.
:::::::::::::::::: Observations :::::::::::::::::::
> Breakout was caused by a bottom W formation under the resistance as per chart below, for ADA.USDT. Soon to test the next resistance.
> All 3 indicators on the 8 HRLY, show bullish reversal, WT signals crossed over, waiting on the MACD.
:::::::::::::::::: My thoughts ::::::::::::::::::
> I have drawn the channel lines and potentially 2 scenarios. We cannot ignore this bullish candle.
Macro level targets based on inverted BARR strategy
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
ADA weekly chart > Conclusion, more room to go higher
Note indicators and MS\MR (monthly support and resistance levels) levels
Enjoy,
Please give me a like or tick for this post
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.