Just posting a chart that show's potential price points that could be hit. Just throwing this out there.
Here's a 1 day view with my cure setup. See what you think. I feel that btc could break down for the next week.
Look at how the 1 week curve meets the 1 day RSI, it comes to a point. You can see that if rsi breaks down on the 1 day that ada could be heading back down again! This is all new way to look at the charts and isn't and exact science but, it works and the curves touch critical price points relative to the rsi and MarketCipher B
Here's a chart based on curves. Look at how all the indicators on Marketcipher B work using curves rather than straight lines. This may take some time for ada to reverse and head to the upside.
Take a look at the lines as drawn. Instead of straight lines I used curved ones, look at who they line up with the candle bodies. Same with the RSI. you can see the point in December when it was the time to buy! The Bottom line that looks like it just goes through the middle represents the 1 Month RSI trend line, and what it looks like on the 1 Week scale. Showed...
Take a look at the way I have drawn the lines for the RSI and the Candles. I can's say for certain what's going to happen but, price may correct over the next 3 months. I hope that I'm wrong!
I have plotted out the highs and the lows for the RSI and the Candles. Have a look and see what you think? I find that this way brings the information into focus, for me. Could Cardano be looking at a up trend in the future?
Same concept as the 5 day chart I just posted with the yellow lines. Btc is at a decision point. Trade with caution!
Just something I saw. The yellow lines represent the 20 Ema (top) and the 800 Ema (bottom) There is a real possibility that 10k could be hit, I don't like to think like that but, Winter's coming.
Take a look at the Ema bands. It looks like Btc is rejecting off the 900 Ema and have support on the Blue 1000 Ema. Look at 18,200 for support or a potential bottom around 17,000. The Stochastic Rsi is supporting down at 5.71 if the supports broken look to 17k for support and a potential 15k low.
Take a look at the 800-1080 ema on the 4 hour chat. Could break back up but, after being rejected off the 800 Ema it's hard to say that the outlook is going to be green in the near future. Be careful out there.
Here's a look at ada on the 1 day chart. With the Eth merge happening who know's what could happen. Be careful out there.
Let's see how the green line idea worked. Seems like it has some merit. I hope that you find this helpful.
Try this out! Draw your Breakout Lines(in Green with the red arrows) Like this, if it breaks over the line then it has legs but if it falls and only touches the line and Not break it then consider the trend over or changing for the shot term.
Have a look at the 5 day chart. take a look at the arrow, 800 SMA This could be a critical level ! Let's see what happens in the coming months.
Take a look at the lines I entered on the 2 hour chart, they are all collard what the Sma averages are for the respective time frame. The Lowest line is based of the 3 Day Sma 800 These supports and resistances have been critical price points. Try it out. P.S. for those who read this place the btcusd chart beside the btcusdlongs and btcusdshorts on tradinview on...
Look at the Support and resistance on the two hour chart. Sma 800-1080
Take a look at the support and resistance on the two day chart with the 800-1080 SMA Look at the momentum wave and the Rsi.