This is just a quick down and dirty 1 Hour chart look at where ADA is at currently. I marked a few spots for reference, so let me clarify real quick:
The black and purple lines at upper left come from the previous ATH - black line is horizontally oriented and the purple connects to the latest peak, continuing on through to the latest candles.
The current trough (uptrend) is annotated, and displays the critical juncture where key intersections coincide with the current price on the bottom leg of where we are now.
B - ATH is the make-or-break point; A being the support line if it breaks into a correction. Curious to see where this goes.
The purple verticles you can disregard - those annotate where new Epochs begin...just for my own edification : )
Not sure if this is a double-top or not...time will tell. I think there's too many positives in play right now, honestly, for that to be the case.
Standard disclaimer applies ~ not financial advice...do your own DD...trade at your own risk...eat your vegatables...and get plenty of sleep.
The black and purple lines at upper left come from the previous ATH - black line is horizontally oriented and the purple connects to the latest peak, continuing on through to the latest candles.
The current trough (uptrend) is annotated, and displays the critical juncture where key intersections coincide with the current price on the bottom leg of where we are now.
B - ATH is the make-or-break point; A being the support line if it breaks into a correction. Curious to see where this goes.
The purple verticles you can disregard - those annotate where new Epochs begin...just for my own edification : )
Not sure if this is a double-top or not...time will tell. I think there's too many positives in play right now, honestly, for that to be the case.
Standard disclaimer applies ~ not financial advice...do your own DD...trade at your own risk...eat your vegatables...and get plenty of sleep.