ADA 1D inverse H&S

22 thg 5, 2023

In 1D chart, ADA has an inverse H&S pattern.
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ADA broke through the neckline of 0.4218 and then fell back to the support trend line, and the EMA was entangled, which means that ADA is in a state of consolidation.
Before ADA falls below 0.2973, there is still a chance to reach the upper target:
0.4916
0.5131
0.5347
0.6045
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Look at the 4 hr chart:

There are two bottoms near the support trend line, and if the price closes above 0.3801, the double bottom pattern is established.
Follow the goals above:
0.3924
0.3962
0.3999
0.4122
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25 thg 5, 2023

Ghi chú

After ADA encountered resistance at 0.3749, it fell below the trend line support, and the double bottom pattern did not appear.
Pay attention to the price:
0.3480
0.3211
0.3127
0.3044
1D inverse H&S stop loss price: 0.2973

29 thg 5, 2023

Ghi chú

After ADA fell below the trend line, it did not continue to fall. In the 12hr chart, a K-bar reversal pattern appeared, pulling back above the trend line.

It is speculated that the rise this time may be because the U.S. debt default has a chance to be resolved, which led to the rise of BTC, which in turn led to the rise of ADA.
At present, ADA has a double bottom pattern, you can pay attention to:
0.3924
0.3962
0.3999
0.4122
0.4199
Stop loss: 0.3534
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6 thg 6, 2023

Đóng lệnh: dừng lỗ