ADAUSD A Look At Both Options
Updated
Important things to note:
Everything looks great.
Price movements have bullish structure and we are in the start of a bullish trend.
This means we have likely seen the lowest low and the price will move upward.
The double bottom we saw was denied.
We will have a price decision.
Watch for a break in the first resistance to our first significant price target.
Set alert for 1.91 and the first resistance line if you want to be aware of all scenarios.
Important dates:
I will update this soon when I post about the summit.
This will probably be my shortest post ever! So, I thought we would get our push from the double bottom, however it looks like ADA has other plans. There will be a price decision here soon. It will either break to the upside of the pattern I made, or to the downside. If it breaks to the upside, we will simply break the resistance and hit the target, if it breaks to the downside, we will likely see a bounce off of support followed by a resistance break and target hit. Nothing is different in the targets from last time. BTC gave us an important confirmation yesterday. Now we will see the bullish trend start to move. There really isn't too much to talk about right now. Everything is the same at the moment. If you are worried about the price movements, set an alert at resistance, support, and 1.91. Things are looking great! I will continue to watch ADA and update accordingly. Remember, try to relax, we are past the hard part at the moment.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Everything looks great.
Price movements have bullish structure and we are in the start of a bullish trend.
This means we have likely seen the lowest low and the price will move upward.
The double bottom we saw was denied.
We will have a price decision.
Watch for a break in the first resistance to our first significant price target.
Set alert for 1.91 and the first resistance line if you want to be aware of all scenarios.
Important dates:
I will update this soon when I post about the summit.
This will probably be my shortest post ever! So, I thought we would get our push from the double bottom, however it looks like ADA has other plans. There will be a price decision here soon. It will either break to the upside of the pattern I made, or to the downside. If it breaks to the upside, we will simply break the resistance and hit the target, if it breaks to the downside, we will likely see a bounce off of support followed by a resistance break and target hit. Nothing is different in the targets from last time. BTC gave us an important confirmation yesterday. Now we will see the bullish trend start to move. There really isn't too much to talk about right now. Everything is the same at the moment. If you are worried about the price movements, set an alert at resistance, support, and 1.91. Things are looking great! I will continue to watch ADA and update accordingly. Remember, try to relax, we are past the hard part at the moment.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Note
Also, I might have covid so if I get sick, I might post a little less. We will see what happens. Luckily for you all, I have already charted all of the important stuff, now it is just bullish targets until ATH.Note
I saw recently that someone charted out a bump and run reversal pattern for BTC. I was very impressed by the TA. If you don't know what a bump and run is, go check it out! I always enjoy seeing a different perspective and good TA to back it up!Note
BTC is running, just hit a key level. ADA just breached resistance, on the way to the first price target.
Cheers!
Note
Price target it perfectly!
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