Ada has been on fire recently reaching number 3 on coinmarketcap with over a $40 billion market cap!
Many people suggested it was a buy the rumour sell the news affair with the release of the Mary hard fork and it does seem bears are taking the bulls for a little ride in the short term.
Technically Ada is still bullish on the macro chart forming HH and LH but on...
I still hold a bag of dot since $12.
Macro bullish on this and I expect this to flip $39 area and reach ath soon.
I have been accumulating since the large dip we had a few days ago at the 0.618 and I have continued adding on the way up accumulating at the 0.382.
I'm long term bullish on this coin both technically and fundamentally.
Ada is forming a descending triangle on the 1 hour chart.
A breakdown will lead to the $0.85 level.
I will wait for a close below the white support line at the base of the descending triangle before entering the trade, confirmation is key.
I'm still bullish long term on this coin but pull backs are welcome in bull markets.
Ada looks to be ranging under resistance, this is usually bullish and leads to a breakout to the upside.
The break out of the symmetrical triangle is around the $1.15 area.
Btc seems to be in charge and alts look a little flat, so a spike in volume is needed.
Buy in on a restest would be perfect if the initial breakout volume is weak.
A nice pull back on the markets today, rsr has gone down and tested the ascending trend line perfectly I have filled my bags.
Markets are a little uncertain due to the volatility on btc but the next 24 hours we should see which way we are going.
Weekly close should bring some clarity.
Trx has been lagging behind the majors for some time now.
If you bought trx everytime it hit the white ascending line beginning March 2020 you would be in very good profit.
I have a bag and have been accumulating for some time now .
I expect this to run as soon as we flip the $0.5 area.
Inverse head & shoulder forming on the hourly.
On the 4hr a ascending triangle has formed.
This couldn't be anymore bullish, breakout of the inverse head & shoulder will bring us to $28 this will coincide perfectly with the break out of the ascending triangle with a target of around $32.
I'll wait for the confirmation on the 1hr close.
Kava looks great, it has just closed the 4hr above a key resistance line at $2,57
We haven't seen a close above this line since September 2020.
It has been ranging through the asending channel since early January.
The next line of resistance isnatcthe $3.08.
Link has formed an ascending triangle and has tested the upper resistance trend line multiple times a clear breaker here will take this to new ath.
The target of the ascending triangle is around the $32 area
Bitcoin has to stay put and not the shit the bed here.
Eth is forming a ascending triangle, on the daily, close above the horizontal green line $(1440) on the daily will send this to the $1900 area.
Eth has been ranging under the resistance for nearly 30 days and has touched the $1440 line for times.
Eth is getting sent and it's only a matter of time.
Confirmation is key so I will be waiting for the daily...
Ada has broken out of the symmetrical triangle, a close above on the daily will confirm the break out. Ada has also broken above the green horizontal resistance and a close above that will further cement a bull argument.
Ill wait for the daily close for confirmation.
If we get rejected I expect a retest of the symmetrical triangle and then a retest of the white...
Its very simple here, btc closing below the green horizontal line is not good, I see further downside if that happens.
A test of the $30000 area and lower.
Weekly and monthly close
Stay patient and stay alert
Algo seems to be forming a cup and handle pattern on the daily time frame. Continuation pattern.
This could take some days to play out but patience is key.
A breakout could give us around a 200% move.
Perfect buying opportunity will be the $0.50 area where I will be looking to accumulate.
Stay safe trading.
I posted about this a few days ago, one of the cleanest macro charts in crypto.
Broken out of the ascending channel with decent volume.
If btc doesn't shit the bed I expect this one to test ath shortly.
I have a long term bag