Price appears to be accumulating in a wedge on the daily chart.
I was expecting ADA to not break resistance and then pull back to 1.5 zone. I was aiming at buying at that range, as ADA is super bullyish. That did not happen. 1.8 resistance broken. Now 1.8 is support. Looking for a healthy retrace to 1.8, and buy at that zone, because ADA to the moon. David
Ada ready to continue growing. Lookig to buy ~1.47 USD
Possible trend continuation would inidicate next support in the ~20K ranges.
Looks like more dumps could happen during the weekend. David
Daily and 4H charts still bullyish. If current support level holds, look for buy entries. Potential signal: Double bottom at current support level. Entry reason: Double bottom confirmed.
4H long trade for ADA. signals still pending to entry.
- Retest of $55K support with strong 4H green candle. - Rejection of bottom of channel at $1H. - Rejection of fibonnaci level at 4H. - Strong bullyish RSI divergence. - Target $66K
I predict a further dip into 53K, then rebound, and then up to a new ATH, probably 70K. David
Very clear wedge. Patience. Not yet.
Coinbase listing will bring in new cash into the play. It will also bring in a lot of weak hands. ADA is longterm bullyish. Short at your own peril.
If the current 4H candle ends green, it would be confirmation to enter long, with 65K and up as targets. Cheers, David
Buying pressure keeps pushing price towards $51K resistance levels. Skiddish investors rush to take profits, or breakeven, as soon as price is in that area. Most likely people who went long at those levels and just want out. Seems the price is about to break. Long or short, we shall see. Good luck, David
In spite of presumably "bad" news regarding the block on Huawei imposed by the US, the overall behaviour of the NQM2019 e-mini futures index shows nothing out of the ordinary. If anything, it hints bullyish undertones, against current events. At the end of April, and the beginning of May the upward momentum of the index appeared to have maxed out, starting a...