Hello traders,
this is my analysis of possible ADA movements.
After the current triangle formation breakout, we can expect to be retested the main Bearish trend line (upper white line).
From here, it could pull back a bit, and then if the price closes above the main Bearish trendline, I am expecting move upwards according to fib. levels:
- TARGET 1 : $1.454
-...
Hi guys,
I am expecting a massive breakout when a candle closes above the upper red trend line - approx. about 0.45 (0.382 fib).
There are some bullish indicators:
- Massive Head and shoulders formation which is considered as very bullish signal
- Ascending triangle is about to break
- Elliot impulse wave could be formed to fully confirm trend
Please do your...
Hello and welcome,
there has been a rally lately on ADA. And we have good news - Mary update (twitter.com) and Goguen coming soon - March or April (roadmap.cardano.org).
Having a look at my chart, you will see that ADA is closing the last step of the Elliot Wave (E) and needs to retrace a bit for its further healthy development.
1. Scenario:
It is...
Possible LTCBTC breakout!
SMA20 already crossed bars and now started 2nd Elliot Wave to blue point (3). Another indicator is double bottom formation which is also a bullish signal.
LTC has a good sentiment because LitePay is coming soon.
Hope my chart helped!
According to the Fibbonachi retracement and Elliot Waves cycles, there could be a +++% UP !! Starting the first Wave right now! Wait for a next wave pattern!
- 0.786 level broke and now finishing the (1) Elliot Wave (Orange color).
PS: The purple color version is more pessimistic version, but still nice chance to hop in the rocket !
