ADA for the month
Güncellendi
As you can see the resistances and support over the month of September.
We have hit the overall merging wedge upper resistance and horizontal resistance.
We also have rejection at these resistances and have on the 4 hrly chart higher lows which will indicate the easier path is downwards.
Its anyones guess what will take place next because XRP has driven this bull run so we need to wait for more data so now is not a time to buy in.
I'm guessing that a squeeze may occur as the last candle was green.
If we are lucky we will have another attempt at the upper resistance but the 0.09 peak has passed us away.
We have hit the overall merging wedge upper resistance and horizontal resistance.
We also have rejection at these resistances and have on the 4 hrly chart higher lows which will indicate the easier path is downwards.
Its anyones guess what will take place next because XRP has driven this bull run so we need to wait for more data so now is not a time to buy in.
I'm guessing that a squeeze may occur as the last candle was green.
If we are lucky we will have another attempt at the upper resistance but the 0.09 peak has passed us away.
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Note the RSI chart and how it coincides with peaks and selloffs.Not
Added another bottom support line on this close up Not
Ada has broken the 0.091 major resistance and will head to 0.094 resistance. Looking at the charts now, it was rejected which is no surprise at 0.0939. and the pushback was minimal so I would say it will break it and go for the next resistance.Not
Correction, next resistance is 0.0955. After that I dear say 0.0105 as the major https://resistancehttps://www.tradingview.com/x/L1jtlCgv/Not
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Noticed its a cup and handle shape, hence the hight should go to 0.098 before pullback for cup and handle rule Not
note: Changed the format Cup and Handle failed to reach the expected hight.FYI added more detail for going long and short with https://ADAhttps://www.tradingview.com/x/moddEyVN/
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max for ADA in this run is 0.97 or below (my guess 0.95 to 0.96)Weekly chart
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Update due to BTC drop. MA20 acting resistance plus double top formation or potentially HS.Not
it is time to be patient while within this current range.
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This community has signals now but with no risk management comms.
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