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ADAUSD Slow Consolidation in Flagging PatternImportant things to note: BTC tested the waters of 50K. ADA stuck in consolidation due to the slow weekend. BTC could likely head to 57k next. Price target from both bull flags produce almost the same exact target. Tomorrow is a holiday in US but there will likely still be some more volume than a weekend. ADA could fall to support if BTC pulls back but I believe this will likely be short lived. Expect further consolidation and a grind upward. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Hey everyone! I hope you had a great weekend! I know you probably weren't looking at chart because frankly, nothing has been going on. I have heard from people I trust that BTC investors were looking to pullback this weekend however all we saw was a small test of 50k. Unless I see something soon, I will assume a march to 57k is going to continue. ADA has been stuck in consolidation due to the low weekend volume, but interestingly the targets for both bull flags are relatively the same (apart by a couple cents). However, if BTC retreats for a small pullback you should expect the price of ADA to fall to support. I do not believe it can go to far it if wants to create bullish patterns for future targets. I have mentioned this a little in my updates. Basically, most alts are starting to form the handle on their cup and handle patterns, and ADA is still forming its cup. I believe the upward side of the cup will be formed at the same time as the handle on other alts. This is why I believe a strong pullback is less likely. Anyways, consider the targets of the bull flags to be valid unless the patterns break. Bull flags are very reliable and often hit their targets so I am not too worried. There has not been much going on so I didn't post for a day or two. A lot of you have mentioned that you are not getting my notifications. I can only suspect this is due to TV doing something. I do not want to assume it is nefarious, but I have seen a lot in the 2 months I have been posting publicly and it wouldn't surprise me it is was. However, I am not bothered and you know where to find me so if you do not hear from me, come check my page if you need to. That being said, I will continue to watch ADA and update you on the movements! Thanks again! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
22
$IIPR could make a run for $300The stock has been making a flag pattern after the market topped. If we take the runaway gap made at the beginning of July as the initial move before the flag, then is a 57 point move. According to the flag pattern measure rules, if a breakout above occurs, then the price of NYSE:IIPR should get to $300. Last week rebounded from its support at $222 with a nice hammer candlestick. But, until the breakout happens I won't make any trades. Always wait for confirmation. The company is ranked #1 in the Finance-Property REIT Group by IBD Investors and has a IBD relative strength rating of 89. This indicates that is a leading stock. For me it isn't a leading stock as is making lows with the SP:SPX , but if it holds the pattern is worth to keep an eye on.
NYSE:IIPRLong
by dpuleo19
ADAUSD Starts the Continuation of UptrendImportant things to note: BTC is cooling off. I do not see it going much lower. ADA started its flagging continuation. Price broke out of last flagging pattern. ADA created a smaller flag for continuation of uptrend Price target from smaller flag is 2.59. This coincides with our last target of 2.62. We now have a general idea of where the price is headed. I have noted the hidden divergence I saw. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. I am going to make this quick because the update is pretty self explanatory. Right now BTC is cooling, but I do not see it going past 53k before it starts moving up again. ADA has broken out of our last pattern with a classic 3 drives pattern and has now created a smaller flagging pattern. The target from the smaller patter is 2.59. This is measured by the size of the pole added to the top of the pole. This target coincides with our last target of 2.62. The target from the smaller flag is 2.59. If the pattern does not break, this is the general area the price is heading to. If the price breaks, it will head towards a support of 2.15 or 2.03 etc. However, since we have bullish momentum and bullish signals, and patterns, we should assume the pattern will complete. I have also noted the hidden divergence I mentioned on my last chart. Remember, try to relax during this time. The momentum of ADA will lag behind BTC, but once BTC hits its ATH and retraces, its time for altcoins to start really moving. For now, expect minimal gains, maybe a small pullback and a lot of consolidation. I will continue to keep an eye on ADA and update you accordingly. Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
31
ADAUSD Flagging ConsolidationImportant Things to Note: BTC is flat out unstoppable. Despite any divergence or patterning, the FOMO is real and the buying is undeniable. This makes it extremely hard to predict the altcoins that follow it closely. Watching ADA consolidate for 3 days has been painful. From the last double bottom reversal, ADA looks like it is flagging. The coil it is forming is a sure sign heavy consolidation is happening. There is a little hidden bullish divergence but its very hard to tell because the bottom is so small. If the pattern holds, we will see a push to the target from the flag to 2.62. This pattern makes sense and is backed up by similar targets I have found. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So, I am finally back, with power and internet for now. It has made trading extremely difficult. However, I was able to take a good look at ADA. The way I see it, BTC FOMO is too strong, it has no intentions of slowing down, but I am wary about the next higher low that is coming (46-47K). For now, altcoins that follow it like ADA are hesitant to move and are consolidating mostly. If BTC continues this path, and why should we expect it not to at this point, I see ADA finishing its flagging pattern and breaking out with a move to 2.62. Set your alert for the top of the consolidation trendline and the bottom. If BTC decides to all of a sudden create its higher low, I might finally see the 1D double bottom I have been wishing for, which seem like forever now. You can see the double bottom that formed on the 4 hour which was the trend reversal. This puts the bull flag continuation pattern into play. I told you originally that the altcoin momentum will lag behind BTC and that still stands. All the money I have been making in quick trades with smaller coins I have been funneling into my long term investments. This should pay off greatly when they start to really move. As always, I will keep an eye on things and continue to update you all on ADA. Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
54
In case of failure of$48.5K, it is expected to increase to$52.5KIn case of successful failure, a rectangular pattern is formed. Waiting for the formation of the flag pattern and the end of the horizontal correction increases the price. With the break of the heavy resistance of $ 48,500, the price is expected to increase to the range of 52,500. In the range of $ 52,500, the resistance is 2,618 Fibonacci and the end of the flag pattern. * Horizontal correction is one of the strongest signs of rising prices in financial markets.
Long
by AmirAli4bdi
2