ADA 4-hour .. Patience for the next entry

Sold the bags here.
Moving on for the next entry.
PA has already moved down considerably.
5.600 % lower than where I sold.
I keep watching the price scooting downwards as I write this Publish Idea.
I do initially think the PA will eventually move down to the region where the lower green arch is placed.
The first arch is an area where a bounce is probable.
Nothing is guarantee, and this chart is where my thoughts are about near term future movements.

I need to restrain from entering too early.
Patience.

Note

I have orders waiting.
PA and indicators seem to be telling a story that lower PA is very likely.

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Geez... This market is at one-of-those-places where the "Daily & 4-Hour" looks like it can take off.
However the 3-day is a strong trend setter, suggesting that it's play is going to continue a downward trend.

I seem to be thinking there's a play upwards now or in the next few days, before that 3-Day kicks back in downwards.

Currently I am so ready to play a long right now. I think there's a good chance for a scalp play now.
...okay I am in the weekend Saturday Trade... See if this works out. 5000 units.

Note

Oh Boy... I start drawing lines around my trade.
It's Looking Horrible!!
I reanalyzed my entry and I could have done much better.
Here's the update. Down 50 bucks plus all the fee's about 30 bucks (in & out). Hmmm?

Note

Still in the trade.
added more bags as a cost average.
Remember I went into this for the 1-hour and 4-hour TF's.
I guess it is more of a swing trade then a scalping trade.
The first entry was horrible for a scalping trade.

Note

Temporary Trade still on board.
Outlined a few more positive points to stay in the trade,
However I am using the 15-minute TF.

Indicator Data:
The Daily still looks like it will take off upwards.
The 4-Hour still has plenty of room for more uptrending.
The 1-Hour is getting close to start pushing against the ceiling @ 100%.

(the 1-hour is the going to hopefully bounce off the ceiling more than once)- that will help drive the 4-hour to more indicator maximum highs.

Our MA lines are in alignment for the clear uptrend.
PA broke-out over the Two Top trend lines I drew earlier.
I have clean-up some old stuff and set in new lines.
PA is still bouncing off of channel lines and MA lines.

Note

Oh geez that DROP was quick, unfortunately for me I made zero dollars. I had my stop at the break even point.
However I was at the max up 1.3% which is okay, but was not my goal.

Just wasn't the power of the Monday thru Friday traders to keep punching this upwards.
looking for another low, or that already marked area.

Note

1-hour chart... when and where to buy?
Diversions, Fib Lines are good ones.
Some do break-outs like I have posted.
Break-outs could be treated as a start quanity.
As price increases and pulls back, add more on the dips.

Note

The Red Confirmation Line was broke. This suggests that a short orders were ordered and activated.
This could be a reason the PA fluctuated upwards.

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Excellent!! I had this order and other orders, on other alts, going active on this last downtrend. A few alts did not make their purchase price point.
PA could fall even lower to match the existing low point of o.7606 from the original run chart posted. With that said I do have another order down there to catch a cost average entry.

However if PA doesn't fall that much or continues upwards, I have the additional capitol to add in later on small dips as the 1-2-3-4-5 pattern unfolds, if such a pattern does formulate. Or bouncing around on the possible "new bearish pennant" --- which would conclude another dip is possible in the future. However, nobody knows and PA analysis is what it takes to possible figure it out.

I will probably clean up this chart I am now posting and I will start an entirely fresh run chart with the new LONG order and will post that link as the final on this published idea.

Trade closed: target reached

Click on this visual chart, and it takes you to the newest ADA active trade with a cleaned up chart and new objectives.

ADA 1-hour ... Long in play with Cardano

Quartz-

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