KEY next target KEY grows further. It's able to use its momentum to overcome resistance at 0.0090 based on EWO peak and continuation of MACD positive wave in combination with RSI being near mark 50.
Setup for that movement:
Buy price: 0.008370 - 0.008562
Stop loss: 0.007988
Target level: 0.009433
KEY
KEY restoring positions with price predictionKEY starts to gain new levels. This change of trend shall continue based on MACD and EWO indications. EWO peaking and MACD meeting convergence point allow to express positive outlook of this continuation. Stop loss and Take profit levels were found using support and resistance levels prior to the upward movement which happend at 19th of September.
Position with that data below:
Target level: 0.009231
Stop loss: 0.007876
Buy price: 0.008241 - 0.008435
KEY reaching support levelKEY reached support level at 0.00745, this allows trend to change as shown by EWO and MACD peak forming, RSI below 40. All of that allows to expect a trend change. Buy setup for that change below:
TP: 0.008752
SL: 0.006837
Buy price: 0.007310 - 0.007633
KEY recovering movementumKEY recovers levels after recent market movements. Based on MACD and EWO we can expect change of trend. Ichimoku shows us expected levels of recovery, which are highlighted on the chart and confirmed by shadow, stop loss levels were defined using Ichimoku and confirmed by the recent test level . Buy setup based on that below:
Target level: 0.009658
Stop loss: 0.008159
Buy price: 0.008516 - 0.008837
I AM BULLISH ON $KEYCoinbase is asking for KYC verifications. Selfkey is entirely centered around KYC and KYC Chain.
two partnerships: One with 7B exchange and Blockster.
Thats why I am bullish.
Let the accumulation begin.
ADAUSD Key Levels ExplainedImportant things to note:
BTC is retracing at the moment. It does not look bearish at the moment. Likely to try the 50k level as I had said before. If bearish impulse price will fall to 42k.
Low at 2.31
Price moved to 2.44 and started retracing.
2.5 is the level ADA will need to hold to push higher.
I have noted the resistance levels ADA will need to test to push higher.
I have shown my minor target and major target on the chart.
If price breaks trendline it will head to 2.0
Bears have been profit booking every single rally.
Price is at key retracement level at the moment.
All of my levels are backed up by trend analysis and patterns.
Important Dates to Take Note of:
ADA Summit Sep 25-26 2021 (likely to produce more important dates)
BTC looks like it is retracing to test the 50k level right now and has held the 48k level that I had mentioned before. If there is a bearish impulse, you should expect 42k. So since I had some time sit down and analyze the market a bit more, I have decided to put out an accurate mapping of the price movements. The bullish divergence signaled a reversal which we are seeing right now with the small breakout to the upside on the 1H chart. The price is at a key retracement level for the new trend at the moment. Previously, bears had taken hold of ADA by profit booking every single push. The bullish divergence was the first sign things may be turning around. The price will need to hold 2.5 if it wants to push past resistance and if bullish sentiment remains, that is where I believe ADA is going. If the price make it to 2.5 if will likely run to the minor target. If things take a turn for the worse and BTC falls, ADA will break its trendline which will signal a drop the 2.0. However, right now, there is no sign that will happen. Things look good at the moment. Feel free to set alerts on the main trendline as well as the various levels I have mentioned on my chart! If you are trying to learn TA, I recommend picking up a book, learning, and start charting. Do not worry about being right or wrong, simply chart. I want everyone here to learn as much as they can and be able to apply it to their own charts and investments. I will continue to keep an eye on ADA and 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.
KEY position to enter described by MACD, EWO and RSIKEY point of entry appears. This point of entry is described by following: MACD wave reaching peak and EWO forming minor peak. By use of fib we can determine support level - 0.0084. Buy setup for that point below:
Buy price: 0.008342 - 0.008557
Target level: 0.009504
Stop loss: 0.007898
KEY reached support levelThere is a good context to enter KEY, based on two indicators. EWO forms peak, MACD convergence point should follow, as shown by wave decrease. With KEY reaching support level, start of a new trend should be expected. Starting setup below:
Buy price: 0.008860 - 0.008927
Stop loss: 0.008632
Target level: 0.009330
KEY Ichimoku cloud based positionKEY gives several supporting signals for this price movement such as EWO peak, MACD convergence. Ichimoku allows to define target and stop loss levels. Buy setup with these levels below:
Buy price: 0.008828 - 0.009135
Stop loss: 0.008222
Target level: 0.010480
KEY broke resistance levelsKEY excedeed it's resistance levels and now has a good chance to achieve 0.0096 level. EWO changing adds to this expectation, as well as recent MACD signal lines convergence point with wave change.
Target level: 0.0096
Main support level: 0.0077
Secondary support level: 0.008
KEY opportunity to enterKEY, reaching several signal points, allows to enter the market. These points are: EWO peaking, MACD convergence point with wave change and RSI angling.
Buy price: 0.008084 - 0.008176
Stop loss: 0.007823
Target level: 0.008754
KEY position for changing trendKEY allows to enter a position on changing trend, which is described by several things. EWO and MACD had their respectable peaks with gradual change towards growth on both of these charts. KEY touched previous support levels and because of that last data on MACD signal lines is indecisive but eventrually should orient itself towards growth. This combined allows us to expect a positive price movement, for which buy setup with target level below:
Buy price: 0.008087 - 0.008304
Stop loss: 0.007701
Target level: 0.009148
Fib levels for KEYBased on fib, we can eexpect KEY to allow to enter another time and return to 0.009046 after a minor drop down to 0.0075
Target level: 0.009046
KEY restoring price levelsKEY starts to restore it's price levels. We can see that on EWO peaking and on 1H changing, MACD reaching convergence point with wave change and RSI restoring. All of that allows me to create setup below:
Buy price: 0.008594 - 0.008846
Stop loss: 0.008116
Target level: 0.009877
KEY supposed levels of recoveryRecovery is expected based on all of data from indicators and overall market condition. It is a good moment to lay down levels of recovery:
Two levels for KEY are:
Target level 1: 0.008960
Target level 2: 0.009680
Oriental stop loss for these levels: 0.007973
KEY local positionKEY allow to enter. This suggested position is supported by two things. MACD convergence point and EWO peaking. Based on these two presupositions, setup below was made:
Buy Price: 0.010603 - 0.010666
Stop loss: 0.010343
Target level: 0.011268
we can long it after breakout & pullback on it!hi guys i think this can be best scenario for icp i hope this analysis help you so much
KEY entry position based on MACD, EWO and IchimokuKEY creates a good point to enter. This is indicated by several things. EWO positive wave plus MACD convergence point and Ichimoku cloud signature. Buy setup for that below:
Buy price: 0.010377 - 0.010644
Target level: 0.012635
Stop loss: 0.009456
KEY signal point with confirmation from several indicatorsThis position is supported by several things. EWO little negative peak, MACD change and signal lines crossing point with additional confirmation from RSI angling. This combined allows to create position below:
Buy price: 0.009934
Target level: 0.010146
Stop loss: 0.009722
KEY good local positionKEY provides with a good local position to enter the market with a good possibility of hitting even higher based on indicator data.
Target level: 0.010600
Stop loss: 0.009716
Buy price: 0.009964 - 0.010135
KEY basic position to enter KEY opens another possibility to enter. MACD wave incremental upward movement, EWO peak, an RSI in combination with forming pattern - all of that signals an opening.
For that I've made setup below:
BP: 0.009693 - 0.009832
TL: 0.010229
SL: 0.009502
KEY local position at high pointKEY gives a good local position to enter. This position is indicated by several things. These things are: EWO positive wave, MACD positive with enough divergence and previous price levels reached. Setup for that below:
Target level: 0.010790
Stop loss: 0.009538
Buy levels: 0.009905 - 0.010088
