Final call for those who missed the boat yesterday.
In my previous analysis, we saw ADA in a descending wedge which has been seen historically to break bullish 68% of the time (which it did)
However as ADA prematurely rose yesterday by about 8 hours, it needs a slight correction before we make our way up into the 4000s. These are ancient long-term trend lines and are more likely to hold than regular short-term trendlines.
RSI didnt quite bounce off the descending trendline, which may suggest it is now on a new upward trajectory trendline, (Drawn in purple)
Prices have now converged with 50 day MA which makes it more likely that correction has occured and will be moving to new highs.
MACD is now strongly pointed towards the upside. All systems are go for a try to the mid 3000s and then to the early 4000s.
Roadmap updates are to be posted in 9 days and you will see many people buying the rumour around this time period.
Do leave comments below if there is something that I missed.
However as ADA prematurely rose yesterday by about 8 hours, it needs a slight correction before we make our way up into the 4000s. These are ancient long-term trend lines and are more likely to hold than regular short-term trendlines.
RSI didnt quite bounce off the descending trendline, which may suggest it is now on a new upward trajectory trendline, (Drawn in purple)
Prices have now converged with 50 day MA which makes it more likely that correction has occured and will be moving to new highs.
MACD is now strongly pointed towards the upside. All systems are go for a try to the mid 3000s and then to the early 4000s.
Roadmap updates are to be posted in 9 days and you will see many people buying the rumour around this time period.
Do leave comments below if there is something that I missed.
Comment:
lol this is a fail. its forming a cup, hoping for a handle.
