Rainmaker21

Rainmaker21

Here we see ADA possibly forming a bull flag on the daily. Fib retracement targets noted. I've been swing trading within the flag.

Rainmaker21

It looked like an inverse head and shoulders was forming, and we may be getting resolution of it at the moment. Price went up close to test the resistance level at about .148, we’ll see where this 4 hour candle closes. Looks like we may be coming to a resolution of this symmetrical triangle/bull flag around August 15th. Will Coinbase list ADA around that time, or...

Rainmaker21

Looks like we are coming to the apex of a bull flag or symmetrical triangle. ADA has been following a rising trend line. Will this lead to another level up today?

Rainmaker21 Updated 

We might be witnessing a bull flag/pennant forming on the daily. We have long term resistance at .103 that should now act as support. lots of confluence around .156 Both the 2.36 fib extension and 1.618 fib retracement. We also see some confluence at about .24 with a the 4.23 fib retracement, and 1.68 fib extension. Does ADA take another leg up to new targets,...

Rainmaker21

My personal thoughts/opinions only. We saw ADA barely pierce the 4.23 fib at about .135, the body of the candle resting just below on the 4 hour chart. I see two possible scenarios. ADA gives another try upward, and makes it to about .16 before retracing. I am personally taking the 2nd scenario, which is that ADA now retraces back to about .105 to find support...

Rainmaker21

This is just my opinion. I have been watching various people do their analysis. The measured move breaking up from this long term upward channel takes us right to the 2.618 fib, just above 13 cents. Watch this area, especially just under it, since fib pulls can be off for a retracement or at least a bounce. Form your own opinion.

Rainmaker21

Right now, ADA seems to be in a symmetrical triangle. Fib retracement pull finds that we hit the 786 and met resistance. Longer term trend line starting back on May 25th may act as support if BTC drops, and alt coins follow suit. Volume remains low. I am leaning toward a bearish move for BTC, and I believe that alts will move with BTC. My thoughts are that BTC...

Rainmaker21

The 4 and 8 hour timeframes are showing a possible right shoulder of an inverse head and shoulders. Will this mean continuation to the upside and higher targets? ADA fell out of the descending triangle, but then popped back inside, and was poking up. Let us know what you think.

Rainmaker21

Current Descending triangle mirrors ADA/BTC current price action. Personally, I am looking for a break down to lower levels before adding to my position.

Rainmaker21

Currently bouncing around inside a descending triangle, which mirrors the ADA/USD pairing as well. I'm waiting to add to my position after BTC comes out of it's tight range, and makes a macro move.

Rainmaker21 Updated 

We seem to be in a descending triangle on the 4 hour. Being supported by a moving average at the moment, but I think we're going down to the .07 area, at least. Decreasing volume, wick down around .065 that may need to be fixed with a square up. I am waiting until a correction to add to my position.

Rainmaker21

Will ADA follow Bitcoin, or blaze it's own path? It's wedged between 2 trend lines, has a square up below, which also matches up with the 786 retracement fib. IOHK virtual summit is coming up, along with Shelley mainet launch. Are people accumulating ADA for staking, or will the big movers bring ADA down once more to buy cheaper?

Rainmaker21

Possible square up, good place to re-enter?

Rainmaker21

Training

Rainmaker21

Training

Rainmaker21

Possible pre-consenus move then the correction after?

Rainmaker21

Training

Rainmaker21

Training