ADA.USDT (Y20.P3.E5.v3).Looking for the next long
Hi All,
*** This is a continuation of the previous posts ***
OBSERVATIONS:
===============================================================
2 Day, Weekly and Monthly charts below;
1) Looking at Ada now at the higher time frames, ADA has shown a strong support area on the Monthly resistance line, now support;
2) Funnel formation\structure at the macro level;
3) Daily chart shows reversal signs on both the structure and indicators;
4) Daily shows we have the 21 ema resistance;
5) 2 Day indicators shows the following:
> Macd has gone below zero and is starting to curve up at the monthly support level; lining up like a fractal as of March this year;
> KDJ is more responsive than the MACD and is showing signs of a reversal;
> 2 Day candle stick is bullish;
> Bearish perspective, it has a bit of work to do to break the 21/34 ema ribbon;
6) Weekly chart shows the following:
> Large rejection wick to the downside from the MR (Monthly resistance level, now support);
> Rejection form the weekly resistance level;
> 21 weekly EMA has confluence with the Monthly support;
> Weekly indicators give suggestion more sideways movement before breaking up, might test the bottom trend line;
7)) Monthly chart shows the following:
> Rejection to the downside with the large wick on the bottom of the last candle, knowing today is the end of the month.
> Resistance was and is the previous monthly resistance;
> Monthly candle is less than half the previous candle, showing momentum coming back;
THOUGHTS:
=================================================================
If we time it well, we can have another fantastic ride with ada, the chart suggests the potential with this fractal.
ADA is one of those coins that you should have going long;
Next year has many things going for it with many developers having interest on this platform;
Daily chart:
2 Day chart:
Weekly chart:
Monthly chart:
*** This is a continuation of the previous posts ***
OBSERVATIONS:
===============================================================
2 Day, Weekly and Monthly charts below;
1) Looking at Ada now at the higher time frames, ADA has shown a strong support area on the Monthly resistance line, now support;
2) Funnel formation\structure at the macro level;
3) Daily chart shows reversal signs on both the structure and indicators;
4) Daily shows we have the 21 ema resistance;
5) 2 Day indicators shows the following:
> Macd has gone below zero and is starting to curve up at the monthly support level; lining up like a fractal as of March this year;
> KDJ is more responsive than the MACD and is showing signs of a reversal;
> 2 Day candle stick is bullish;
> Bearish perspective, it has a bit of work to do to break the 21/34 ema ribbon;
6) Weekly chart shows the following:
> Large rejection wick to the downside from the MR (Monthly resistance level, now support);
> Rejection form the weekly resistance level;
> 21 weekly EMA has confluence with the Monthly support;
> Weekly indicators give suggestion more sideways movement before breaking up, might test the bottom trend line;
7)) Monthly chart shows the following:
> Rejection to the downside with the large wick on the bottom of the last candle, knowing today is the end of the month.
> Resistance was and is the previous monthly resistance;
> Monthly candle is less than half the previous candle, showing momentum coming back;
THOUGHTS:
=================================================================
If we time it well, we can have another fantastic ride with ada, the chart suggests the potential with this fractal.
ADA is one of those coins that you should have going long;
Next year has many things going for it with many developers having interest on this platform;
Daily chart:
2 Day chart:
Weekly chart:
Monthly chart:
Bình luận:
Bình luận:
It shows the weekly resistance is respected. So this area looks like the area to enter, looking for the dip as per the chart
Bình luận:
Many layers and much to get through.
Bình luận:
Chart update
Discord: discord.gg/JC7CDdJv (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.
