ADA possible breakout. My first TV TA
Updated
Price approaching towards 50 MA and breaking out from small pennant inside the bigger one.
If price closes above .00000938 that is the previous high as well as major trend line(red) resistance point, then trend could reverse upwards
For now MACD and RSI both support upward momentum. Watch for the bull volume for more confirmation.
if we drop below the previous low .00000565 then this idea will be invalidated but it has two support levels where price could hold
Profit targets could be:
.00001176 (49%)
.00001455 (85%)
How about if we price crossed .00001690 (115%) ATH (as in crypto world price moves beyond our expectations in both directions) so trade careful and avoid that feeling of fomo because price will come down to you but if somehow magically it doesn't then we have other opportunities to explore.
This is my first chart still lot to learn, comments are welcome.
If price closes above .00000938 that is the previous high as well as major trend line(red) resistance point, then trend could reverse upwards
For now MACD and RSI both support upward momentum. Watch for the bull volume for more confirmation.
if we drop below the previous low .00000565 then this idea will be invalidated but it has two support levels where price could hold
Profit targets could be:
.00001176 (49%)
.00001455 (85%)
How about if we price crossed .00001690 (115%) ATH (as in crypto world price moves beyond our expectations in both directions) so trade careful and avoid that feeling of fomo because price will come down to you but if somehow magically it doesn't then we have other opportunities to explore.
This is my first chart still lot to learn, comments are welcome.
Note
BreakoutTrade closed: target reached
Target 1 achievedTrade closed: target reached
Target 2 achieved as wellNote
We crossed ATH, next target could be .000023
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