RSI made double bottom around 50. MACD is about to cross bullishly after a long while. EMA10-21 bearish cross didn't happen even when price dropped to 1.04$. It means very strong support around 1$ area. ADA generally follows equiparabolic curves ( Purple Curves) with higher low formation when price go up. BTC started to rise and altcoins will eventually follow BTC...
Bearish divergence is growing between MACD lines ( Purple Arrow Mark). RSI higher low support trend is broken ( Orange Arrow Mark). Last confirmation will be that price breaks support trend line ( Blue Line). Mary update kept people hyped but ADA needs a correction right now. It may fall until previous support 0.80 area. Bullish Case Scenario Altough TA says...
BTC built reverse H&S formation on 4H chart and higher low formation on RSI (Blue Line). Also, as famous fund manager and BTC bull Thomas Lee says there is no triple top formation. It means 4th wave will get over the triple top. BTC may go sideways for one more week but eventually will break above 52500 resistance.
Interesting fractal caught my eye today on 30m chart right before last pump. If we look at the market environment we see wonderful news about crypto world and especially for ADA. Tesla added 1. 5 billion worth of Bitcoin to their balance sheet was a big first step and I expect some silicon valley companies will follow Elon Musk. Goguen upgrade will be set up in...
Market was active lately due lack of trust to stock market after Melvin Capital violate the free market rules by blocking retail investors,who defeated them in their own rigged game, trade on some apps like Robin Hood, WeBull etc. Elon Musk endorsed Wall Street Bets and put #Bitcoin in his bio. It caused a fake breakout attempt for BTC(very likely 25Oct 2019 pump...
ADA formed H&S and I expect a big correction to previous support near 0.15. Last chance to get out. Also look at my previous analysis (Guessed ADA would reach 0.30$ months ago)
After big correction, MACD crossed to bullish with enough volume. Previous strong resistance 0.09 levels become strong support now. Next target in 4 year cycle of BTC is ATH (20k) around new year . ADA will be bullish too with this wave considering last upgrades IOHK did.First target of ADA is crossing last high 0.15 and go up to 0.18 levels. Then confirming 0.15...