---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
ADA/USDT: Double bottom recovery configuration towards 1,11
Context
- The Global Crypto market leads by BTC and ETH reversed drawing a new bullish trend - ADA for now is still lagging versus ETH
- We are watching at 0,80 area to bypassed to extend the bullish recovery in progress (in parallel of 2170 ETH)
- Watch 0,40 as key Tactical and Strategic support
Market configuration
- Graphical Elements :
Graphical Resistance = 0, 80 & 1,11 (double bottom potential)
Graphical Support = 0,40/0,20
- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 0,50 = Bullish / Neutral
RSI indicator (below) is now above 50% with room to the upside = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 0,40
Fibonacci resistance of the wave in progress = 0,80
Fibonacci support of the wave B = 0,40
Fibonacci Bullish Target = 1,11 (double bottom potential)
Conclusion
Preferred case => As long as 0,40 remains support we are looking to buy the dip in the buying area in order to test and then surpass 0,80 (corresponding to 2170 ETH), before opening a further rise towards the double bottom potnential at 1,11
ADA/USDT: Double bottom recovery configuration towards 1,11
Context
- The Global Crypto market leads by BTC and ETH reversed drawing a new bullish trend - ADA for now is still lagging versus ETH
- We are watching at 0,80 area to bypassed to extend the bullish recovery in progress (in parallel of 2170 ETH)
- Watch 0,40 as key Tactical and Strategic support
Market configuration
- Graphical Elements :
Graphical Resistance = 0, 80 & 1,11 (double bottom potential)
Graphical Support = 0,40/0,20
- Mathematical Indicators:
EMA ( Exp Moving averages) are now support at 0,50 = Bullish / Neutral
RSI indicator (below) is now above 50% with room to the upside = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target (C) B has been already reached = 0,40
Fibonacci resistance of the wave in progress = 0,80
Fibonacci support of the wave B = 0,40
Fibonacci Bullish Target = 1,11 (double bottom potential)
Conclusion
Preferred case => As long as 0,40 remains support we are looking to buy the dip in the buying area in order to test and then surpass 0,80 (corresponding to 2170 ETH), before opening a further rise towards the double bottom potnential at 1,11
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.
CIO & Head of market research (Automata - Vancelian)
vancelian.com/en
vancelian.com/en
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.