ADAUSD TARGET REACHED! Cup and Handle
Updated
Important things to note:
We got a great short squeeze from BTC creating upward momentum.
ADA has broken through first resistance.
My price target was touched perfectly before moving upward.
A strong basing pattern (cup) was formed.
If a handle forms next major of 2.52.
I have charted my minor price target.
Resistance levels are the same.
Support is noted on the chart.
So, do you think we are in a bullish trend now? Well, from the sound of all the salty bears, you can guarantee we are! My long on BTC paid off well! BTC has squeezed the short set to exp today creating upward pressure which is what we see now. ADA on the other hand, smashed through resistance and touched my price target perfectly. Now we have had a strong basing pattern form (a cup), and I would like to see an handle form creating a major target of 2.52. I also have a smaller minor target on the chart (if we do not get the cup and handle). The resistance levels are noted, but like I said before, I am not worried, I am just sitting back at the moment charting price target. Also, shoutout to my follower that called the 2.06 retracement! Great job. And shoutout to my other follower that mentioned crypto being influenced by the price action of the dollar. 100% Agree, great job! That feels pretty good! The momentum will increase the more low level resistance levels are broken. I hope you are all ready for the ride because these next few months are going to be insane in terms of price gains. hope to see many happy people these next few months! I will continue to watch ADA and update you all accordingly. I will be putting out my ADA summit recap post this weekend! Stay tuned and thanks again for all of the support!
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.
We got a great short squeeze from BTC creating upward momentum.
ADA has broken through first resistance.
My price target was touched perfectly before moving upward.
A strong basing pattern (cup) was formed.
If a handle forms next major of 2.52.
I have charted my minor price target.
Resistance levels are the same.
Support is noted on the chart.
So, do you think we are in a bullish trend now? Well, from the sound of all the salty bears, you can guarantee we are! My long on BTC paid off well! BTC has squeezed the short set to exp today creating upward pressure which is what we see now. ADA on the other hand, smashed through resistance and touched my price target perfectly. Now we have had a strong basing pattern form (a cup), and I would like to see an handle form creating a major target of 2.52. I also have a smaller minor target on the chart (if we do not get the cup and handle). The resistance levels are noted, but like I said before, I am not worried, I am just sitting back at the moment charting price target. Also, shoutout to my follower that called the 2.06 retracement! Great job. And shoutout to my other follower that mentioned crypto being influenced by the price action of the dollar. 100% Agree, great job! That feels pretty good! The momentum will increase the more low level resistance levels are broken. I hope you are all ready for the ride because these next few months are going to be insane in terms of price gains. hope to see many happy people these next few months! I will continue to watch ADA and update you all accordingly. I will be putting out my ADA summit recap post this weekend! Stay tuned and thanks again for all of the support!
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
On Sunday night I wrote you guys a song before I went to bed. Let's run it back for the bears one more time.To cheer you up,
I'll give you this song,
Tomorrow might prove,
That I might be wrong,
But I am not worried,
Because bitcoin is strong,
I thought you should know,
That I entered long.
Note
I see a lot of people going long all of a sudden LOL Like I said before, TA isn't going long when you see a big green candle and going short when its red. Signals, patterns, confirmation, and trends is what you are looking for. The influencers screamed bearish, the news set it up, the analysts went short, the retail market listened to the analysts, the whales collected on the shorts. That is how it works. Luckily, you guys knew we were going to be bullish last week. :)Be greedy when people are fearful and fearful when people are greedy. - Warren Buffett.
For now, expect a pullback and retracement. Many more green days ahead my friends!
Note
BTW Covid test was negative. Though I was exposed to people who tested positive, I was just tired I guess.Note
So we got our cup and handle!! The bottom of the handle just barely went into our range for the handle so we are good! However, the RSI is maxed out right now, so this is as far as it can go at the moment. BTC still hasn't retraced, and to be honest, I don't think it will. It will just consolidate.Note
So we got our cup and handle!! The bottom of the handle just barely went into our range for the handle so we are good! However, the RSI is maxed out right now, so this is as far as it can go at the moment. BTC still hasn't retraced, and to be honest, I don't think it will. It will just consolidate. I do not see BTC dipping below the 50MA at this point.I will put out another chart when there is something to talk about!
Note
So recently, I have noticed more haters pop up (probably salty bears LOL). Maybe this is something that is expected with growth. You will notice something similar with these people. They will have very few charts (if any), and no proven targets of their own. They are not winners, which is why they resort to commenting on other charters posts trying to bring them down. If they were putting out something useful to the community, they wouldn't have the time to resort to spewing vitriol on other people's posts. They would be too busy winning. So, if you ever read what these sad people say, take a look at what they have provided to the community. My charts speak for themselves, however, you already know that by now. I am not used to being a public person, and I am not used to teaching so this is all new to me. What I have learned is there are some amazing people out there who are willing to learn and want to increase the overall value of the community, and some really sad ones that do the exact opposite. Don't be like them. Keep learning, keep charting, keep an open mind, and be a winner.Note
Ok everyone, I am going to be out and about today. If there is something to talk about when I get back, I will put out a post! All of my targets are in place. Cheers!Note
Oh one more thing before I go, I will have my phone on me so if you have questions, let me know and I will get to it when I can! Thanks again!
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