Quarterly Charts looks awesome tbh but price is still below the 2020 all time high.
i wrote the objective price targets in the chart. of course things can moons way harder than we can imagine but i like to execute in a more objective way instead of hodling.
in the following i will switch to lower timeframes to get a better understanding of the pivotal levels BELOW the 2020 Level & using some Moving Averages
i wrote the objective price targets in the chart. of course things can moons way harder than we can imagine but i like to execute in a more objective way instead of hodling.
in the following i will switch to lower timeframes to get a better understanding of the pivotal levels BELOW the 2020 Level & using some Moving Averages
Note
weekly timeframe:
we see a clean diagonal resistance that price is trying to flip into support. we have confluence with 2020pivotal horizontal level. Until Price did not start a new trend the price between "Quarterly pivot" and "2020 high" is our trade enviroment.
daily timeframe
with moving averages
price is already above all moving averages -> bullish
BUT they angle has not curled up yet which indicates more sideways action is needed.
4h timeframe
I have two scenarios marked out. Either we test the support base and price has to prove it can reclaim current price consolidation OR price breaks out above current sideways range which would implies the trend to 2020 high starts
ADA USD Pair
THE USD PAIR IST AROUND ALL TIME HIGH!
i want to see a bit more consolidation with following breakout. Confluence for trade idea WHEN both charts (BTC PAIR +USD PAIR are breaking out)
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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.