ADAUSDT - "The new hope"
Updated
As I thought of, the nearest week was the one of a head and (broken) shoulders. It's culprit was the listing of ADA on Coinbase Pro. Those who wanted to gain 50% quickly, had their wish granted. Afterwards they swiftly pulled out.
The fallout from that emphathized the third-gradedness of this currency and a high probability of it going back into the shadows after the "savings run" into crypto. Always remember that up until ca. 5 news get confirmed of 11B+ whale investment into this currency. Then'll be talking about moons.
Further along, H&S is a sign of changung trends. Since we had a bullish parallel trend going on before the pattern, a basically symmetrical upward trend is waited for. We even may be having its resistance level thrice (already) confirmed in one of the numerous triangles of the "crippled" right shoulder.
The price is still sinking in its own parallel trend, which I managed to get into a bit poorly. Waiting for touchdown tomorrow at ca. $1 and a rebound at full upward trend to $1.20. The pitchfans show the possible trajectory for moves based on previous conservative and radical price moves. Targets are chosen by their medians.
We still may be waiting for a third attempt for breakout above $1.48 but not so soon. The bulls resolve here is perhaps quite fierce and scalping for the time being is henceforth a good option.
These have been observations of a rookie trader. Your reaction is your problem.
The fallout from that emphathized the third-gradedness of this currency and a high probability of it going back into the shadows after the "savings run" into crypto. Always remember that up until ca. 5 news get confirmed of 11B+ whale investment into this currency. Then'll be talking about moons.
Further along, H&S is a sign of changung trends. Since we had a bullish parallel trend going on before the pattern, a basically symmetrical upward trend is waited for. We even may be having its resistance level thrice (already) confirmed in one of the numerous triangles of the "crippled" right shoulder.
The price is still sinking in its own parallel trend, which I managed to get into a bit poorly. Waiting for touchdown tomorrow at ca. $1 and a rebound at full upward trend to $1.20. The pitchfans show the possible trajectory for moves based on previous conservative and radical price moves. Targets are chosen by their medians.
We still may be waiting for a third attempt for breakout above $1.48 but not so soon. The bulls resolve here is perhaps quite fierce and scalping for the time being is henceforth a good option.
These have been observations of a rookie trader. Your reaction is your problem.
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