c3l3x

c3l3x Updated 

ADA/USD - Consolidation sets in Hello friends! As expected, ADA could not regain 1.55 and prices broke down past 1.44 and to the 1.34 level before attempting a bit of a rebound. Today prices are likely to continue their slow descent, and may not bottom out for 2-3 more 12H candles. This may feel like bad news, but it presents attractive buying prices that...

c3l3x Updated 

Hello friends! As forecast, 1.70 level was not sustainable and there was not enough upward pressure to move higher. Yesterday prices tested 1.55 and broke below it to near 1.44 (1.45) as expected. During the day ADA did try to regain the 1.55 level but instead bounced and headed lower again, validating the start of a consolidation period. Today, the...

12:37

c3l3x

Hello friends! ADA is still in a precarious situation. Yesterday prices did not rally to 2.00 and instead followed the more likely forecast of falling towards 1.55, reaching 1.60. Today ADA looks likely to test the 1.55 support level, and may break down to 1.44 or lower. This is the key risk to watch for in the next 24 hours. If a break down occurs, then...

c3l3x Updated 

Hello friends! Yesterday ADA had a nice rally up to 1.83 before falling back to the 1.70's. Despite downward momentum, ADA held on to the 1.70 level with all its might. This showed strength, but also limited pressure to move higher. Prices stayed above the critical 1.55 level for the day yesterday, reducing the chances of a consolidation in the next 5-7...

c3l3x

Hello friends! Today saw a nice rally up to 1.83. Hopefully some of you took a bit of profits there. Following up on my post yesterday about the 1.55 level, it is likely that we will see prices near 1.55 and possibly a test of the 1.55 level later in the day based on the intraday charts. Today's rally was encouraging in that it shows there is strength in the...

12:10

c3l3x

Hello friends! In this video I discuss the indicators and analysis now that we have new candles across many timeframes. My apologies for it being a bit rambling. I haven't slept much, but I wanted to share with you this information. In the short to near-term timeframes, it looks like ADA will continue to oscillate between 1.44 and 1.74, particularly around the...

c3l3x Updated 

Hello friends! Yesterday's forecast was for prices to fall below 1.30 and potentially down to 1.11. Prices did reach 1.11 and wicked down to 1.05. Prices rebounded but could not break above 1.35. Despite the rebound, the daily indicators are still down, suggesting that the bottom is not in yet. Lows have been lower each day for the past 3 days, and today...

c3l3x Updated 

Hello friends! As forecast, yesterday started with prices up slightly peaking at 1.60, then fell as low as 1.36. Most of the day was between 1.43 and 1.53. There was enough support at those levels to prevent a drop to lower levels. Today that support may break down. The pattern in the daily chart is one the usually leads to sustained consolidation to lower...

14:42

c3l3x

Hello friends! I've been waiting to see how the current retracement would shake out before updating forecasts on the next leg up and price targets for June. Unfortunately, we will need to wait a bit longer. The current bearishness has not reversed yet. Indicators in all timeframes in the next week or more show downward momentum. Until there is a reversal in a...

c3l3x

Hello friends! Yesterday was more exciting than expected. Prices were only able to rally up to 1.87 before starting a sustained downward move as low as 1.32 before rebounding and trying to establish support around the 1.55 level Today will start with ADA trying to find support between 1.50 and 1.55, but during the day, prices are likely to fall back to lower...

c3l3x Updated 

Hello friends! Yesterday, ADA started just above the critical level of 1.43. Despite a dip to 1.32, ADA/USD was mostly higher on the day, reaching 1.95 on a wick before settling in the 1.80 to 1.85 region. Holding above above 1.43 and rallying 20%+ on the day demonstrates that weakness is limited both in depth and duration, but ADA is not ready for another...

c3l3x Updated 

Hello friends! This will be a quick update, as I am short on time. Yesterday saw a massive selloff with prices dropping more than 50% from 2.03 to 1.01 before rebounding. Unfortunately, the outlook is for further consolidation today and downward pressure to prevail for the next 2-3 days. Daily/intraday In the 12H, the LSMA has crossed below level 50, which...

11:51

c3l3x Updated 

Hello friends! Here is a mid-day update on this day of major price action. Looking at the new 12H candle (2nd half of this trading day), it is clear that downward momentum is strong and will continue for at least the next 2-3 12H candles (24-36 hours). Support has not been strong enough to slow descent at 1.60. Support may form around 1.50, but prices below...

14:18

c3l3x Updated 

Hello friends! The past 24 hours did not see as big of a drop in prices as was possible, ranging between 1.97 and 2.14. Support at 2.00 has been strong, resisting further downward price action. The strength of the 2.00 support level shows that there is underlying strength in ADA, despite weakness in other parts of the crypto market. But that strength may not...

c3l3x

Hello friends! As forecast in my May 16 update, ADA fell to 2.00 and then further to a low of 1.91. Prices did not fall as low as 1.83 region, but another test of 1.90 may be coming. Summary Today ADA is likely to drop to 1.90 or a bit below, but prices are likely to range around 2.00. The current consolidation may not last more than a few days. Higher...

c3l3x Updated 

Hello friends! A quick update on ADA/USDT price action in the short-term - next 4-16 hours. Looking at the current 6H chart, the green EMA is just at level 50 and RSI has dropped just below level 80. There is still 4.5 hours left in the current candle, but if it closes with the green EMA below level 50, in the following candle it is likely that ADA prices will...

12:47

c3l3x

Hello friends! Just a quite update to discuss price targets for the rest of this month. ADA/USD has started its next leg up sooner than expected and is showing considerable strength that is likely to persist through the end of the month. Candles will be closing in the next couple of days that will let us look into early June to see how long this upward momentum...

c3l3x Updated 

Hello friends! After a 5500mi/8800km return trip, I am back home for a couple of weeks before traveling again. I will try to post ideas more regularly during this time. Yesterday ADA hit a new ATH of 1.97, coming very close to $2 before ADA ran out of momentum, and prices retreated. Today we may see prices temporarily fall below 1.80 to 1.75 region at the...