ADA 4H Forecast
What's up lads and ladies!
In my eyes this is a pretty obvious cup and handle formation, backed with overlapping fib lines.
In general ADA is right now in a retracement, but there are no project based reasons to be in a downtrend, this speaks for a "comeback" and the here seen cup and handle formation.
ANYHOW right now I would and will myself wait until and if it drops to 2635. From there it might go for a short period to 2460. The stop loss would be here below 2215.
From entering around 2635 I see it going back up in steps (also followed by the overplayed fib lines) back up to 4105, from there it will either go straight up to 4829 or even 5159.
About my background, I am trading now for two years and started day trading as a full time job around November 2017. Since then my day is constantly made up from charts and news even if it quite often means that my sleep is reduced to about 4h. This is my first public post, I was already annoyed by all of the bad posts and scams in this market long time ago, now i have enough of it and start going moe public with my ideas and daily analysis. Cheers Tomas
In my eyes this is a pretty obvious cup and handle formation, backed with overlapping fib lines.
In general ADA is right now in a retracement, but there are no project based reasons to be in a downtrend, this speaks for a "comeback" and the here seen cup and handle formation.
ANYHOW right now I would and will myself wait until and if it drops to 2635. From there it might go for a short period to 2460. The stop loss would be here below 2215.
From entering around 2635 I see it going back up in steps (also followed by the overplayed fib lines) back up to 4105, from there it will either go straight up to 4829 or even 5159.
About my background, I am trading now for two years and started day trading as a full time job around November 2017. Since then my day is constantly made up from charts and news even if it quite often means that my sleep is reduced to about 4h. This is my first public post, I was already annoyed by all of the bad posts and scams in this market long time ago, now i have enough of it and start going moe public with my ideas and daily analysis. Cheers Tomas
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