ADA daily visual 7/19/2019 added ideaDecided to drop a new daily design with a slightly different technical tool approach.
Observing ADAUSD like this helps show we are in the middle of the price range around .05 cents and hugs the lower angular yellow dotted line. I take "noise" into account most of the time as these are where prices hit so I still count them.
The INV head and shoulder pattern failed bringing price back to an 78% pull back from our first impulse. A spike to .042 can happen but I do not see price dropping any lower than .032 cents.
Structure shows we could pull to about .069 - .072 but we must keep in mind price has made a lower low on the daily and price could ride the bottom line and break lower.
The closer to the bottom the better the discount. I will be looking forward to the AMA in late Aug from Charles. I wanna hear what he has to say about ADA and what he plans on working on with it in the coming months. He showed strong interest in paying attention to it upon his return. I will make sure to bring notes to all my followers once I get the notification he goes live.
Take care all. Hope you enjoy this idea and please like and share your opinions.
