ADA/BTC - H&S formation complete. Needs to be confirmed
Updated
I see a great opportunity here for a short position. a lot of coins look to be forming H&S patterns but none have been confirmed yet. This looks to be a very solid formation in terms of symmetry. We also have a descending triangle forming it seems, which can help with the drop.
This is a trade I am looking to take here. although we can shoot up here, the R:R is great and the chart patterns show we can drop more. This also goes well with my large perspective of ADA/BTC which I have posted about 1-2 weeks ago.
The Green box at the bottom is where the .786 fib level is. But it is also where the Head and Shoulder Pattern minimal target stands.
I hope this helps and remember that none of these have been confirmed yet. So theres a risk here. But I favor more downside. Let's see how this plays out.
If you want access to my Telegram channel for free, Feel free to msg me or comment below! :) Everyones welcome!
This is a trade I am looking to take here. although we can shoot up here, the R:R is great and the chart patterns show we can drop more. This also goes well with my large perspective of ADA/BTC which I have posted about 1-2 weeks ago.
The Green box at the bottom is where the .786 fib level is. But it is also where the Head and Shoulder Pattern minimal target stands.
I hope this helps and remember that none of these have been confirmed yet. So theres a risk here. But I favor more downside. Let's see how this plays out.
If you want access to my Telegram channel for free, Feel free to msg me or comment below! :) Everyones welcome!
Note
WOW looks really good so far. Almost doneNote
ALMOST THERE!! Looking to close soon, we may have a big bounce as BTC drops, then a farther decline... but that is all speculation.For now let's focus on collecting our profits and looking for our next move.
IF you want info about my private group, LMK in the comments below or msg me personally.
Thanks!
Trade closed: target reached
hope you guys made money!Note
check out my new update to see where ADA is going next!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.