ADA.USDT (Y20.P4.E2).Looking for the next long
Updated
Hi All,
I'm not going to add TA commentary on this post, as the chart does a good job.
Also note below my previous post to ADA and the likely entrance point... again the magic number, 0.618 fib.
If you missed this, its not too late, looking for the next opportunity, it should come in this structure.
Note, most reversals create a bottom structure and the question is, what will it be?
Either way, if your interested in ADA, you should probably average yourself in, if you missed this bottom, which was a likely area.
Please refer to my previous post which got it perfect. I'm going long with ADA as well, along with LINK and LEND and maybe ZIL.
Time will tell as to what happens in the next 2 weeks. Lets hope the stock market SP500 is also made a bottom formation. Chart below.
As time goes by, I would like to update this post to capture what formation has taken place and to observe and reflect on my TA.
Please give me a like or tick for this post.
Cheers,
S.SAri
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PREVIOUS POST
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NOTE the 3 Day chart and how the indicators signals cross over at the bottom layer
See how on the 2 day chart we have Phoeix that has not broken the 50% level but we see upward pressure, the confirmation is when it breaks the 50% level.
on the Daily, its a different story.
Potentially SP500 reversal\bottom
I'm not going to add TA commentary on this post, as the chart does a good job.
Also note below my previous post to ADA and the likely entrance point... again the magic number, 0.618 fib.
If you missed this, its not too late, looking for the next opportunity, it should come in this structure.
Note, most reversals create a bottom structure and the question is, what will it be?
Either way, if your interested in ADA, you should probably average yourself in, if you missed this bottom, which was a likely area.
Please refer to my previous post which got it perfect. I'm going long with ADA as well, along with LINK and LEND and maybe ZIL.
Time will tell as to what happens in the next 2 weeks. Lets hope the stock market SP500 is also made a bottom formation. Chart below.
As time goes by, I would like to update this post to capture what formation has taken place and to observe and reflect on my TA.
Please give me a like or tick for this post.
Cheers,
S.SAri
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
PREVIOUS POST
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
NOTE the 3 Day chart and how the indicators signals cross over at the bottom layer
See how on the 2 day chart we have Phoeix that has not broken the 50% level but we see upward pressure, the confirmation is when it breaks the 50% level.
on the Daily, its a different story.
Potentially SP500 reversal\bottom
Note
Possibilities, very bullishNote
I'm still expecting a bottom formation for a reversal so a dip or low volatility in the next few days will tell us how its going.The 3 day has upward pressure but in my opinion not enough to break this bottom layer . Note how the RSI was low, over sold area.
Trade active
Note
This area is still relevant and in time, I expect a reversal formation structure to take place.Note
Trade closed: target reached
This post continue on with an updated post
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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