Alecto

Alecto

What we see on the weekly chart is a beautiful case of an ascending triangle. The last leg is about to form.

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We still have 1 or 2 days. If the green candle manages to close above the orange resistance, historical resistance, and break the blue descending trendline that we have been carrying with us since May 2021, well, I'm positive for the future.

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ADA, if it weren't for the fact that the price is underwater I would say that from a technical point of view it is wonderful. The trend is clearly bearish and has been falling for months. Even a child would understand that it is in a down trend, but not so many adults would understand that you shouldn't buy a coin like this while it's falling. Now, we are at an...

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we can observe that the priceaction has respected the blue dotted trendline for quite a while, almost a year. A rupture would almost certainly cause bleeding at least up to $11, which is quite far away. The opposite case sees the break of the high green trendline and the conquest of new peaks. Based on what happens do your job.

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The price is going down within a descending channel for a while. The bottom is very close. How much can radix still go down? The lowest price was 0.08. The current price is 0.13. There is still a risk of losing about 40% of the value. That’s not small. What about enter now? What is the reward for this risk? To be very conservative 0.30, a gain of 300%....

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We can see that BTC is in a perfectly parallel uptrend channel. After touching the lower edge, we had a strong reaction. Now it is about to arrive at a very important trendline. A short entry of $ 46900 should be evaluated.

Alecto Updated 

Bearish divergence + Resistance = bad couple Have a nice day

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Chances are that BTC will fall down again. Place the bids or wait for chaos

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See the picture. We are going to visit the 51K level soon. I guess we will also see deeper wick, and then a sharply recover. Short Term Bearish. Medium-Long Term Bullish

Alecto Updated 

I think there is a nice chance for a long trade. As you can see, as soon as we pass this level we are in no man's land and the roof is the stars. Auctions will start soon. The conditions are there. The price must break the structure with strength. I don't want a low price crawling on the support. In fact, it is also possible to witness fakeouts. Stay awesome!

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Whichever direction it will take it will a good trade. Enjoy

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If it goes up or if it goes down it's a good trading opportunity. Very Good R:R

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A test of 0.618 is expected than up. Basic ABCD pattern

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38k expected, 0.618 fib is a magnet ///////////////////////////////

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Hope you understand that that resistance is going to hurt a lot of people's feelings

Alecto Updated 

good structure

Alecto Updated 

Possible formation of a symmetrical triangle. For a reckless trader wait for the upside breakout of the triangle. For a cautious trader wait for a retest or the break of the all time high (blue line). In this case a Stop Loss would be just a bit below the EMA 50. Target: let it run and move the SL to break even.

Alecto Updated 

.. the point is that the price has to break the upper resistance. When this happens it may be a good idea to enter long.