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ADAUSD Outlook on Things to ComeImportant Things To Note: BTC has reversed ( I mentioned the reversal signal in an update). BTC next leg to 73k. Money has moved into alts, this can be confirmed when looking at pairs. Alts now move with BTC for now. The plan for ADA is the same: 1 - either a small break downwards with bounce to upside. 2 - consolidation to break to upside. ADA has been consolidating in a bullish pattern for months. In the short term there is a descending channel signaling a break to upside. ADA price can move anywhere within the channel so be aware, however, the end will be a break to upside. Overall, I have been watching for the creation of a basing pattern. This pattern will give us a future target of 4.4. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So, a few of you might be confused in terms of where ADA is going so I thought I would show you what I see, and what I am expecting. First let's talk about the market in general. I told you in an update that BTC has signaled a reversal and it would be confirmed at a higher level which it was. BTC.D has dropped and Total2 looks great so the money has shifted enough to where alts will benefit from BTC's move upwards. You can confirm this by taking a look at the altpairs and how they are moving. The overall plan for ADA has not changed at all. I am expecting either a small move downward in the descending channel which will produce a bounce upwards, or further consolidation until BTC is ready to move forwards and a breakout of the channel occurs. Zooming out, you can see this is typical bullish consolidation from ADA. I am expecting the price action to continue to form a basing pattern, which will lead into a cup and handle. I have noted the movements and the targets on the chart. That is what you are to expect. Now, a lot of you have been asking me about other assets I have mentioned and want me to chart them. I am fine with that because honestly, I make them for myself anyways. I know I do requests every now and again, but I am going to be charting what I am currently looking at or assets I have entered incase you want to take a look. Some of you already know the assets I am talking about and have profited from them, so congratulations to you. I will continue to update you all on the movements as I always do. Thanks again everyone! Also, it has come to my attention that some people have been copying my charts (and not just my charts but what I say as well). I know you are going to read this so I want you to know that I personally do not care if you steal my charts or my words or anything really. Just know that thousands of people view my charts every time I post them and it is rather obvious that you are copying me. So, if you want people to take you seriously, you should probably at least not make it so obvious. LOL. Again, I don't care either way, but it will probably hurt your reputation for TA in the long run. Good luck! 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
77
ONEUSDT Cup and Handle TargetI am doing this chart as a request from a follower. I have mentioned this asset previously when the cup and handle was still forming. The recent high transactional activity is what caught my eye as to it being a likely candidate for smart money investors. Though ONE might still be flying under the radar a bit, I figure it won't take them too long to catch on. ONE has made quite the comeback as of recent which I am happy to see since I believe it is a great platform. The Cup and Handle produce a target of roughly 0.40. This was calculated by taking the depth of the cup and adding it to the top of the cup. There is also a nice bull pennant which has pushed the price higher. I am sure this will move greatly in the coming months due to its strong fundamentals, high transaction rate, the accessibility of it, and the patterning. Thanks again!
Long
by mysticalwalrus
8
ONEUSDT: The cup and handle pattern - potentially 60% growthHi there - on the 4h as well as on the daily charts we can clearly see the cup and handle pattern. We are currently staying above the support level and it does not look like we are going to go down. There is also a bull triangle on the handle almost shaped so as soon as we break the flag pattern and retest it, we potentially can go as far as the depth of the cup - until 0.4. As soon as we go below the newly created support level, there is a risk to go down to 0.18... So be careful with this trade. This is not financial advice. Always do your own math before getting in.
Long
by asphXshck