It's all about momentum and velocity. Hype cycles, right? ADA had a strong run-up, due to the Coinbase listing. Sell the news and wait for re-entry. Limits to buy back in are at Target 1: $1.16 Target 2: $1.10 Anything below that does not present a good scenario for ADA.
I believe this will play out over the next few days.
Please follow for more ideas. If there's something you'd like me to take a look at, comment below.
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Both targets were hit. I expect MAJOR dumpage to happen. GTFO and edge into bitcoin
I think you were wrong. To get support, you had to take the line from the bottom of the descending candlesticks
jarsonintlrec
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@excitedChart39797, .98? Definitely possible
jarsonintlrec
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If you longed, you owe me money! ;)
jarsonintlrec
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Update: First target hit. We should either see it consolidate here and rise to new highs, or we will see lower lows.
If bears don't get scattered by a crowd of bulls, the Next Target is: 1.10
After that, we will be watching .98 zone very carefully. If that breaks, we are royally screwed. I don't think that will happen. There is more bull run for btc, and alts usually follow. Usually...
jarsonintlrec
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@checkm9, Second Update:
We hit 1.10. If you were to long, this would be the place to do it. Watch out for FUD to make its way into the media. This could easily dump harder