ADAUSD is completing the harmonic pattern on the daily time frame. It even completed the trail after that is typical of the calm before the storm. Keep your eyes on this for the first week of Feb. I'm seeing resistance around 0.50, fib confirms it, and previous ATH confirm it as well. It was the last support from the previous ATH, so I'm gonna watch and see how...
Bullish harmonic pattern is forming on the 15 min, this could indicate a healthy push to 0.70, but there is an overall bearish H&S, so expect it to fall down after again to 0.4
I am learning Gann Fans and squaring up the chart. From what it seems, there is a strong support level at 3/1. I would assume the price to trade between 0.29 - 0.302 for the next few hours. I am waiting for a confirmation on the break to the 2/1 level where it can find support. If it does find support there on the hourly, and it has been trading between 0.318 -...
I worked on the 15 min to trace out the fib resistance arcs, and retracement levels. This ascending channel has a strong potential of breakout after a healthy retest as shown below. Those ascending arcs I have drawn all follow the breakout points on the resistance arcs, and it has been following them quite well now. I haven't put them here because it's a chaotic...
Hello, I am simply experimenting with the momentums and previous resistances/supports. Buy range from 0.30 - 0.280, stop loss at 0.260 Target 0.383 Don't use this as financial advice, I'm just doing this for my own study and would like people to comment on this to give feedback.
Strong support lines coming from previous highs are good support at the moment, and they are forming a wedge with a resistance line. The next strong resistance is at the 0.788-0.805 level simply looking at previous ATH levels. Pink line indicates this strong resistance at 0.805. This also coincides with the Fibb level (@ 0.809) I suspect price will go down to...
I believe the price of ADA is lagging, and it should already be past 0.32 at this time. In analyzing the previous ATH setup, I am speculating that the price will hit 0.65-0.74 by January 15, 2021. I am keeping this range because around 0.65 is the previous ATH period resistance, and around the 0.70 mark is the Fibb retracement level. I have tried to keep a...
Hello, I found this Fib retracement fitting this pair that I have been tracking for a while now. I first studied the 1W, then I started noticing that the price trend on 1H was hitting the Fib Retracement zones very clearly. You can see how the price is bouncing off the 0.786 level and struggling to enter into the higher zone. I am a total noob at this, and I am...