I still feel ADA is going to $1.30 area via Blue and Orange inverse C&H's...leading to a path up in Pink. Perhaps a short-term bump in Green? On the Macro, I think ADA is waiting until 2022 to break out of this hole...July 31 for $5. This is definitely not financial advice...just an idea. Don't be stupid and do your own research. There is a lot going on in...
Mana's indecisive candle is working hard to figure out whether to tank or keep fighting.
Measures towards 28% but I have had 26% on my radar for a couple of days...maybe just depends on where the flat bottom fails? Keep an eye on it. There is very strong support around $4.32, so who knows. These are just ideas and not financial advice. Unfortunately, not a lot of bullish ideas for today, especially since it failed earlier to reach a potential...
You read it here first...July 31, 2022. Although there is a rhyme and reason to the metrics I used, we don't have crystal balls. There is a function of time that I'm using too...so sit tight...it's still almost 300%. From new strains of Covid to breakthroughs and market catalysts, we really don't know when. But for now, this is my most logical path. This is...
...it's been a long road down and could be just as long going back up. I really think ADA needs to hit that $1.30. Should the shorter-term inverted cup and handle (Blue) play out, I think that will lead to the larger (Yellowish) one. This will take us right to the $1.30 mark...and then the slow, steady journey to ATH (Feb. or March, just in time for this bull...
These are just possible scenarios and not financial advice. Two Bullish, One Bearish. Short-term Cup&Handle takes us to $6.11ish...which would have the original monster Cup and Handle's same target! Ascending triangle to $7.50...maybe checking in around $4.62 again before heading there? If she drops to $4.37, making a flat bottom, expect a drop towards $3.27. ...
I've wanted to write about all of the Cup and Handles that I've noticed on the micro (even when making very short term decisions on the 5min) trend during MANA's latest run. It makes sense, it is a bullish formation and MANA is very bullish. I've said in past posts that MANA is "behaving really well." From textbook H&S to Inverted H&S to all the C&Hs to...
...you never do. Sure, we've all missed a sell or buy that can make you sick to your stomach. But as we learned within a couple of hours or days, it always goes back. Remarkably, more like dumb luck, my last post contained orange dashes to show potential movement. It followed it to a tee. I'm not patting myself on the back, in fact, I'm going to erase them...
...see what I did there? I'm going to quit while I'm ahead with the crystal ball from a couple of days ago. I was 1/2 joking when I put the red? where I thought we'd find that support because we can have a good idea of supports and resistances, but "when" that happens is, in my case too, luck. I do think it is going to want to bounce off of the lower support...
The greater number of indicators lining up, the more a theory is supported. Given the lack of a crystal ball, it is easier to have an idea of where a trend change will occur (meta)versus when. For fun, not financial advice, I made a guess with a red question mark. In other posts, I've noted that although highly volatile, MANA has been behaving with relative...
To know where we could be heading, you have to know where you've been. BLUE was from where I left you last night. Yellow is what happened. Purple is where we are. Pink dots and dashes are ideas of our path forward. It's never a good idea to make huge decisions based on the 1 minute time frame. That being said, there was a slight indication of the upside-down...
Is MANA going to hit ATH soon? Of course. I sold when it looked like we weren't reaching the $4.38 fib target without a pullback first. Excuse the art, I was never good at finger painting. Ever think, "it'll never drop that far, we've come so far," and then it does, because it needs to in order to keep a healthy eco-system? We see cup and handles all the...
...but today's visit from MANAclaus has been fantastic for accumulators. As much as I'd like to see this go back down to $3.23-$3.30, it doesn't look that way yet. If you zoom in on the micro chart, we are consolidating in a rising channel which if you are trading enough $ these are behaving extremely consistent with 0.10-0.20 cent dips/gains. I only caught 1/2...
Last post, I got caught off guard by the BTC crash. But as you can see, a few hours later, MANA continued where we left off...even as the other coins didn't recover. We're getting down to decision time. If the overall market wasn't recovering, I would be less confident in MANA's next move. However, BTC is creeping back up, and MANA is coming to an end on some...
When I published yesterday, the charts had a lot of unanswered questions. The micro (2hr) view shows that the lower trend line is really strong and the upper trend line can be broken! Sure, over the next few hours we may be in a very micro descending channel that should find significant support at 2.56-2.57. The good news on the $2.88 rejection is that it has...
Are we in a slow bleeding downtrend or meaningful consolidation? I believe the latter for several reasons. We've all seen this before and hopefully, everyone's nerves are a little more stable in 2021. Tokens with lower market caps like MANA generally don't behave like this if they were a one-time, random, pump and dump scenario. The price gravitates to the...