ADA slowly approaching key levels where I'll be looking to open my long term buy orders. Pay close attention to price action these next few days/weeks, which IMO should retest the previously broken trendline in confluence to the accumulation range.
FTM entering accumulation zone. Time to start stacking up! Key takeaways: 1. Respectable descending channel - looking to create a final LL 2. Major key support from last summer 3. Based on historic records, altcoins have a tendency to reach maximum drawdowns from ATH's at 90-97% thresholds. We have entered that territory.
Enter short on key confluences: -Major area of S&R -Broken ascending TL retest -0.618 fib retracement
Looking for a 4H pullback to retest broken ascending TL. Intra-day timeframes presenting a decent long opportunity on structural breakout. Confluences outlined on chart.
Breakout confirmed. Entering shorts on pullback retesting key confluences: -Ascending TL -Previous area of S&R -Inner 0.5 fib retracement -MA50
Short on key confluences: -Descending TL retest -Previous support now resistance -0.618 fib retracement
Enter shorts on key confluences: -Descending TL retest -0.618 fib retracement -Previous resistance now support -MA50
Beautiful trend continuation on intra-day timeframes presenting us with an opportunity to enter shorts now and ride the bearish momentum further down to the targeted daily support area around 84.500. Overall my bias is bearish unless we see a confirmed breakout above the descending TL's. Watch out for liquidation fake-out wicks as Mondays can be full of surprises.
Short on key confluences: -Broken ascending TL retest -Inner 0.618 fib retracement -Minor area of S&R -MA50 potential trend shift indication
Short on key confluences: -Pullback to retest TL -0.618 fib retracement -Previous area of S&R -MA50 supporting bearish momentum
Long on confluences: -Pullback to retest broken TL -0.5 fib retracement -MA50 shift
Looking to enter shorts on a pullback to retest broken ascending TL in confluence to the 0.5 fib retracement and previous area of S/R.
Looking to enter longs on a pullback to retest recently broken resistance (which is now key support) in confluence to the 0.5 fib retracement and respectable ascending TL.
Enter shorts on a pullback retesting: -Broken ascending TL -0.618 fib retracement -Previous area of S&R -MA50 momentum shift
Looking to enter longs a pullback retesting: - Broken descending TL - Previous area of S&R - Inner 0.5 fib retracement
Looking to enter shorts on a pullback retesting the back of the broken ascending TL in confluence to the inner 0.618 fib retracement, previous area of S&R, and respectable descending TL. Cancel order if 129.700 level gets broken before getting ticked in.
Looking to enter longs on a pullback retesting broken descending TL in confluence to the 0.618 fib retracement and previous area of S&R.
Looking for a pullback to retest broken descending TL in confluence to the 0.5 fib retracement, previous area of S&R, and a respectable ascending TL. MA50 also indicating early momentum shifts to the upside.