ADA needs to clear 2922 with sufficient volume to pull through
Hello there!
With ADA still being subborn as a bat with people still thinking it will drop to sub 2000/2500 (spoiler : it isn't). ADA is still in the channel drawn here. I have drawn some lines to show how it could move to achieve target.
RSI new support line is holding and should serve as a nice guide to the projected peak.
MACD peaks coincide with news-release on 5th Jan.
Channel boundaries are 2922 and should it break with adequate volume, I don't see how it cannot reach the region of the high 4000s. (projected with Fibonacci extention)
Regards,
CoolShades
With ADA still being subborn as a bat with people still thinking it will drop to sub 2000/2500 (spoiler : it isn't). ADA is still in the channel drawn here. I have drawn some lines to show how it could move to achieve target.
RSI new support line is holding and should serve as a nice guide to the projected peak.
MACD peaks coincide with news-release on 5th Jan.
Channel boundaries are 2922 and should it break with adequate volume, I don't see how it cannot reach the region of the high 4000s. (projected with Fibonacci extention)
Regards,
CoolShades
Comentarios:
We are currently retesting 2922. If it holds, target is should be achievable
Comentarios:
Held strong. Lets see where this goes.
Comentarios:
Formed the cup, all we need now is a handle...
Comentarios:
We are approaching target 1 (4800)
Target 2 is 5200
Target 2 is 5200
Comentarios:
Target 1 reached. Congrats to everyone. Let's see if we can reach target 2
Comentarios:
Target 2 reached. I dont have any more targets for now. Ill wait for the bigger correction and re-evaluate. Thank you all.