ADABTC trade ideas
Still waiting for the breakoutHey guys, nice to see you back.
Last time ADA and BTC didn't helped in our trade and we have been forced to close it because it has been invalidated. This time we have a new opportunity with clear signals.
On the daily we can see a bull cross of the EMA 12 and 26 happening for the first time since April. In general the first cross usually fail to turn bullish and fade after a week. But the context here is very particular we have a clear resistance in the 980/986 sats area and the correction from July has been already severe so we may consider the cross as the start of the second bullish wave. Another interresting clue is the cross and confirmation of 907 as our new longterm support. Monday we should see an attempt to break the resistance at 980 if everything goes as expected, from there we should also have more information about the relevance of that cross and the resistance.
On the weekly we can see the trend consolidating over the EMA 26 and where the EMA 12 is also in the 970/980 area. Everything seems to say that this week we will see a move.
ADABTC creates an inverse head and shoulders 🦐ADABTC creates an inverse head and shoulders and its neckline is the weekly resistance.
IF the price will break the neckline with volume and retest the neckline as support According to Plancton's strategy, we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
ada btc 10 oct 2020formation of falling wedge pattern , formation of inverted cup and handle pattern
Inverted Head and Shoulders on ADA BTCOpened a long position here already and I'll deploy more capital if the market turns up. Targeting a 25% move above the neckline.
ADABTC Daily S/R| Bull Flag| Stoch Equilibrium| 200 EMA Evening Traders,
Second analysis – ADABTC –breaking above Structural S/R, price acceptance at this level will be bullish.
Points to consider,
- Bullish Price Action
- Daily S/R Support
- 200 EMA Resistance
- Stochastics Equilibrium
- Declining Volume
ADABTC’s current price action is bullish, trading in a probable bull flag, This allows us to have a bullish bias on the market.
The Daily S/R is immediate support that is in confluence with the .618 Fibonacci. Price holding and respecting this level is a bullish bias.
Resistance is poised by the 200 EMA, breaking this will coincide with price hitting technical and validating the bull flag.
The stochastics is in a valid equilibrium, a break in either direction will coincide with price movement.
The volume profile is declining, this is indicative of an influx when testing key levels such as the Flag and Daily S/R resistance.
Overall, in my opinion, ADABTC is a valid long with defined risk, price action is to be used upon discretion/ management of trade
Hope this analysis helps
Thank you for following my work!
And r Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. – Biz Stone
emember,
$ADA / BTC Update for $ADA - looks as though support could hold although there is a clear "M" bearish formation (see callout on chart)
ADABTC Trading planPattern: Higher Lows on 1D.
Signal: (A) Buy as long as the Higher Lows trend-line holds, (B) Sell if it breaks.
Target: (A) 0.00001400 (Lower Highs trend-line), (B) 0.00000450 (Support).
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possible bear flag patternit is possible that a bear flag is forming. this could take the asset as low as 700 to fill heavy demand around 650. on the other hand, a strong turn to the upside can occur at any time, however large moves to the upside may be reserved for news surrounding a coinbase listing, which may easily find the asset to double in price.
