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ADAUSD Chance for Double BottomImportant things to note: BTC retracting has started. I do not see BTC going past 46k. ADA chance for double bottom on 1D Double Bottom would produce a target of 2.62. This would smash the resistance level. Pattern would also create a cup for further targets. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. The BTC FOMO buying finally subsided and now we get to see the retracement we were looking for. I do not see BTC going past 46K and I would like to see it stay above the 50MA on the 1D chart. ADA's retracement depends on BTC at the moment. Right now we have many options but the one I would like to see the most is the double bottom pattern on the 1D chart. Typically, you will see patterns be created on the lower time intervals and repeated on the higher time intervals. We have already seen a double bottom on the 1h, 4hr, and now I would like to see it on the 1D. This is the same for any pattern really. I want to see this pattern complete for a few reasons. First, it would signal a long term reversal (we already saw that coming however). Next, it would produce a target at a level higher than the resistance we need to get past at the moment. Third, it would create a cup which gives us potential for a cup and handle. I have already seen a cup form on the 4hr so I would not be surprised if we see one on the 1D as well. Anyways, I just noticed it and I wanted you all to be aware. This is what I am looking for. If I do not get it, I hope someone creates a meme out of this called "the pattern you want vs the one you get" LOL. I will continue to keep and eye on ADA and update you all accordingly. Thanks again! 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.
KRAKEN:ADAUSDLong
by mysticalwalrus
20
ADAUSD Bullish Reversal of Bearish TrendImportant Things To Note: Just when you started to doubt me. Just when everyone was saying BTC 20k, ADA 1.00. Just when the news was screaming bear cycle. We finally had BTC show us more signs signaling the end of the pullback was correct. 3 test of BTC at 40712 BTC created higher low at 4114 with the impulse we needed. BTC bullish engulfing at 4hr. ADA signaled reversal with double bottom. Bullish divergence RSI ADA Higher low in major movement. Important dates: I will update this soon when I post about the summit. Well well well, we finally have some confirmation that what I saw is correct. I said BTC will push upwards at 41k. It stopped right at 4114k and gave me the impulse I was looking for. This impulse also created bearish engulfing on the 4hr candle like I said it would try to do. BTC has a long way to go to confirm the trend, specifically 45200. However, this is a great sign. ADA on the other hand had a head and shoulders pattern that I said would be reversed with the higher low in the major movement. It did this with a double bottom on the 1hr, signaling a short term reversal. There is also bullish divergence on the RSI oscillator. I have laid out the basis of the movements I predict for ADA. If the price continues with this bullish momentum, the bulls will start to hunt the bearish shorts creating more upward pressure. I have said before the bullish momentum that BTC feels will not be felt by ADA until after it really starts rolling. But this should help out ADA significantly. There are a couple big confirmations tests to go. Specifically 2.13 and 2.30 (I have put them on the chart). There you have it, a higher low, and remember bulls love higher highs and higher lows. I know most people didn't agree with me, and until it is blatantly obvious, they probably still won't. But if this continues, you are about to see everyone turn bullish really quick. LOL Just know, the signals were there the whole time. If I am proven wrong, I will be the first to admit it. However right now, it is looking pretty good for me! I got my signal, I got my higher low, and I got my reversal signs! Calling the end of a month long correction is EXTREMELY difficult to do. I am not out of the woods yet. For now, I will celebrate a bit. Never forget, fortune favors the bold! I will continue to watch ADA and update you all accordingly! Thanks again everyone for all the support! And if I'm wrong, just say I'm not good at all! LOL 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.
KRAKEN:ADAUSDLong
by mysticalwalrus
54
ROOT - Daily - Break or No Break?1. Indicators: RSI, MACD, and KDJ is well setup for a run. 2. Price and Volume just looks like the hulk wanna break out. HOWEVER 1. financially pessimistic numbers and weak earning power 2. the past price performance is with doubt it will ever perform 3. the general "BIG TREND" is a downtrend, the consolidation started Aug 13 might just be a correction of the "BIG TREND" If I were to play this, (in my opinion): -Buy shares sell covered calls. -option premium is great at the moment. -sell some puts?
NASDAQ:ROOT
by stockjanitor
ADAUSD Completes Double Top PatternImportant things to note: ADA has retraced to 2.51 completing the double top pattern (M pattern) as I previously mentioned it would. The retracement confirms where ADA is heading, to 2.0 It is likely to make a stop at 2.2 and retrace a bit creating a new pattern which will tell us more. BTC has retraced and created a new lower high telling us the correction is still ongoing. BTC will likely close near 42826, if it creates a wick lower it will us another target to look for. Set alerts at 2.2 and 2.0. Great time to enter ADA using dollar cost averaging. Important Dates to Take Note of: ADA Summit Sep 25-26 2021 (likely to produce more important dates) As you know, I do not like to give concrete targets until there is some form of confirmation. That is how I trade and that is my style of TA, so it is reflected in what I post. That being said, ADA has completed the double top pattern (the M) and retraced to 2.51 completing the pattern. This retracement also lets us know that a fall to 2.0 is confirmed as of now. This can always change if there is a strong impulse buy at 2.2 which produces a higher high (it will be reflected in BTC as well). The retracement we get from that point will tell us if there will be further drops coming. The pattern is likely to take a stop at 2.2 and produce a small amount of retracement. Again, we are waiting for the impulse buy that creates a higher high. This will signal the correction is at an end. But like I said before, BTC is likely to continue correcting for a couple weeks so we will see where it ends. A fall to 42826 will mean a correction of about 20%. Normally corrections retrace about 20-30%. A fall to 38K would mean a correction of about 25% etc. We will see if a wick is produced letting us know what to look for. I would set my alerts for 2.2 and 2.0. That is all the information we have at the moment. Any further movements will be likely to produce signals and patterns letting us know where things are headed. If you are in at a higher price and do not have the money to dollar cost average all the way down, do not worry. ADA will create far higher highs in the coming months because there is no sign that the bull market is over. If you have the money to dollar cost average down, you are probably having a great time hearing this news. Again, you want to build your portfolio by acquiring assets at discounts. So, this isn't a bad time at all for you. I will keep an eye on ADA and continue to update you all accordingly. Thanks again! Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know! Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. 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.
KRAKEN:ADAUSD
by mysticalwalrus
20
SPCE - Bottom is In?The bottom may be in for Virgin Galactic (SPCE). As you can see, SPCE has bounced from this trend line 5 other times in the past. There was one instance where it broke beneath this line with force but the catalyst was based on false news (rumor that flights were grounded until 2022). For investors and traders alike, this may be a great entry. There is still a possibility that we may drop as low as the red line, but as you can see, the purple line that it's currently resting on is much more influential.
NYSE:SPCELong
by ttrending
5
ETH WEEKLYDip came much faster and quicker than most expected. but it was well needed to finally break through the ATH which will happen. Keeping things simple, ETH still has room to move downward, Ill look for the 1500 level for bottom... there is lots of fear in the markets. but one things is not dropping, the crypto holdings of investment institutions. This dip seemed to be catapulted by the whales in the game deciding now is the right time to dump the market and get better positions in these assets. This recovery could be slow but it can also shoot back like a bullet so watch out, most the volume on exchanges is still locked in stable usd, dai, or similar assets, so you can assume people are ready to jump back in in any second. BE ready. Comment your ETH bottom!
Long
by MarketMastermindsGroup
4