ADA needs to clear 2922 with sufficient volume to pull through

2017년 12월 29일

Hello there!

With ADA still being subborn as a bat with people still thinking it will drop to sub 2000/2500 (spoiler : it isn't). ADA is still in the channel drawn here. I have drawn some lines to show how it could move to achieve target.

RSI new support line is holding and should serve as a nice guide to the projected peak.

MACD peaks coincide with news-release on 5th Jan.

Channel boundaries are 2922 and should it break with adequate volume, I don't see how it cannot reach the region of the high 4000s. (projected with Fibonacci extention)

Regards,
CoolShades

2017년 12월 29일

노트

We are currently retesting 2922. If it holds, target is should be achievable

2017년 12월 29일

노트

Held strong. Lets see where this goes.

2017년 12월 29일

노트

Formed the cup, all we need now is a handle...

2017년 12월 30일

노트

We are approaching target 1 (4800)

Target 2 is 5200

2017년 12월 30일

노트

Target 1 reached. Congrats to everyone. Let's see if we can reach target 2

2017년 12월 30일

노트

Target 2 reached. I dont have any more targets for now. Ill wait for the bigger correction and re-evaluate. Thank you all.