Important things to note:
BTC Flagging for another push.
Altpairs led by ETHBTC are starting to move.
ETH completed IH&S and moving up, alts will follow once bullish trend established. (over 4024).
ADA is range bound in slight ascending channel.
Ascending channel creating basing pattern.
Expecting small break to downside followed by bounce.
Bounce will create 2nd part of cup.
Cup pattern will be base for future targets.
Important dates:
BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.
Hey everyone! Today will be quick because there is not too much going on. Btc is flagging for another push upwards. Altpairs led by ETHBTC are gaining steam and looking great. I have told you in the past, big investment money is rotating into alts for the coming altseason. I know this for a fact. ETH completed IH&S pattern like I mentioned before and it is starting to move. I figure alts will follow slowly once it closes above 4024. ADA is currently range bound in a slight ascending channel. This is great because you can see it is forming its basing pattern. I expect a break but I do not think it will be too dramatic. I think there will be a nice bounce off of support from the break which will create the 2nd half of the cup pattern. This is very important because the cup can easily turn into a cup and handle and be used for future major targets. This is what I am looking for at the moment. The worst case scenario for all of this like I said before would be a move to the diagonal support and a brief touch of the 200MA but that doesn't seem likely right now. We will take it day by day and see what happens. Well, that's it for today! Thank you all for the support and if you have any questions let me know. I will continue to watch ADA and update you all accordingly. Cheers!
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.