going through prior movement highlighted in blue the bulls pushed us to 126% profit.
we are on major support near 150 sats. if we fail a bounce/ rally from there we could see 135 area. (less likely )
we are currently in a area for high reward/ profit nearing to another all time low this year. with btc 30% rally this week the alts have to follow to some degree. ...
RSI showing highly oversold ( we have bottomed on the RSI support at roughly 165 sats 3 times ) going from prior movement and realistic market conditions.
Mac D along with ADX - DMI showing reversal bullish momentum on the 240 (4 hr ), 1 hr & daily.
cardano is creating reversal head & shoulders
its trying to break up for a 1-1 extension for wave 2. (ABA correction pattern complete )
sell on a 5 sub wave pattern until we reach target wave 2. accumulating more and more until we reach the exit.
set your sell orders HIGHER and keep rebutting 1-2% dips to increase volume.
ada is forming a retrace ABC pattern to the 0.786 fib sitting at 2200 sats.
wave 1 consisting of 5 sub wave along with abc correction pattern complete ( target hit 2450 sats ).
currently forming a head and shoulder reversal
needs to hit 2400 & smoothly push 2500 to grab a lot of buyers.
target on wave 2 will hit 3000-3200 if the above occurs
updated chart on the 240 ( 4hour )
cardano has bounced off the 0.78 retrace level as previous with last 2 corrections.
dmi-adx has confirmed break out on daily and 4 hour chart.
mac D - showing positive breakout.
rsi and cci still showing way over sold.
finally we have completed the final correction wave to the 7.8 retrace level. most alts break out from this position.
sleeping now for many weeks. as you can see on the ADX to -DMI has broken into bullish territory for the first time since January. (BLUE - RED) green looking into uptrend.
MACD - has finally crossed over into up trend since January! ...
coming out of bearish trend on DMI
MACD looking to cross into uptrend
RSI<CCI all over sold.
uk meeting with mass investors tomorrow. high volatile movement possible.
buy between current price and 2900. 1st target 5000-5400sats
lets increase this volume !
RSI showing over sold.
MACD showing over sold
80-100% gains if we see a volume increase. keep in mind ada has lost 22b in market cap, it has been sleeping for weeks now, not long until the 3rd generation gains back that 22b plus,
then you will be looking at 300% gains minimum just if it does back to its original peaked price.
get the word out ADA ...
1. support not dropping below 5100 sats
2. very strong 3rd generation that made the top 3 out of all reviewed currencies.
volume is low and RSI along with MACD. all showing under bought on the 1d chart for 9days.
3.big announcement for the project in 3-4 days, im stocking up !!