ADA SHORT TERM REQUEST
업데이트됨
I have used some shapes and lines to help describe what price is doing. ADA is currently showing 3 spectrum price ranges.
Vertical Price Range
This is the current major price support and resistance lines ADA is playing in marked by the light blue dotted lines.
HIGH: .10 / .096 cents
LOW: .075 / .073 cents
Rising Wedge Range
This is the price range within the solid yellow support and red resistance line. Price is creating higher lows but giving little to no room for higher high prices since our first impulse NEW HIGH and flag breakout with the new low into our 2nd impulse (marked on the chart). This type of pattern shows traders there is bullish pressure building even though price cannot break .096 to .10 cents. Since our yellow line shows a higher slope in price compared to the angle of the red resistance line...these degrees help explain the amount of bullish strength there is compared to seller strength based on recent historical data within the last 30 days.
Within the wedge is a POSSIBLE 3 rising valley pattern. If data supports a 3rd valley with a higher low pivot point in price (higher than .079) this pattern can very well take form. This pattern is marked with 3 blue half ovals hugging the yellow support line.
Upside down triangles and blue and grey rectangles:
These shapes show where price considered a 50% - 61.8% pullback in price gave support on the hourly chart. This support is marked with 2 grey dotted horizontal lines as well. It is crucial for bulls to hold this as new support in order to build faster moment to break higher above .096 with a closed price on the 4H or daily. The blue rectangles show where price over extended but did not succeed in holding. Hindsight is marked with grey rectangle boxes.
The green outline boxes:
This represents the pattern I think we will have come in the near future. TAKE A CLOSE LOOK AND TRY AND SEE HOW PRICE CAN REPEAT THIS SAME PATTER BUT ON A SMALLER SCALE. NOT EXACT BUT IT CAN HAVE A SIMILAR FORMATION.
-----------------------------
The average retest in prices happen 5-7 days to 10-12 days out between each price test. When ada is in a tight range of accumulation these prices are revisited on a 3 to 5 day count.
I have roughly calculated that road-map distances and project workflow take an average of 60 days with a 30 day follow up AMA and announcement that is usually worth listening to that encourages our current technical data.
The yellow circles represent where I would prefer to buy based on what price is doing at those prices at that specific time. This is where I usually set alarms to help notify me to pay attention to the market.
The purple spectrum of prices and red arrows:
If price breaks our yellow support I will refer to this price range and look for a LARGE INV HEAD AND SHOULDER WITH A HIGHER RIGHT SHOULDER BEING THE YELLOW ARROWS INSIDE THE WEDGE. please try to visual this with your eyes when you view the chart.
*****What to take notice of right now****
There is NO BUY OR SELL SIGNAL or trade setup available until we see price at the yellow line or a rejection prior to reaching it.
---------------------------------------------------
********Please be advice that all of this represents possibilities and do not hold any truth until the market gives us a recognizable structure with relative strength (RSI) that supports moment and volume.
-----------------------------------------------
I will research on upcoming announcements and dates to follow up on this trade idea for my followers. If you like this short term idea please give me a thumbs up!
Best speculative re-entries for buyers: .073-.076
medium risk .083 cents (do not enter this if you do not have a trading plan supporting it)
high risk: .085
BAD RISK .096
------------
Best entry: wait for the break of .10 cents with a closed candle on the 4H or higher time frames.
Thank you again! please comment if you have any questions and I will do my best to answer them.
Vertical Price Range
This is the current major price support and resistance lines ADA is playing in marked by the light blue dotted lines.
HIGH: .10 / .096 cents
LOW: .075 / .073 cents
Rising Wedge Range
This is the price range within the solid yellow support and red resistance line. Price is creating higher lows but giving little to no room for higher high prices since our first impulse NEW HIGH and flag breakout with the new low into our 2nd impulse (marked on the chart). This type of pattern shows traders there is bullish pressure building even though price cannot break .096 to .10 cents. Since our yellow line shows a higher slope in price compared to the angle of the red resistance line...these degrees help explain the amount of bullish strength there is compared to seller strength based on recent historical data within the last 30 days.
Within the wedge is a POSSIBLE 3 rising valley pattern. If data supports a 3rd valley with a higher low pivot point in price (higher than .079) this pattern can very well take form. This pattern is marked with 3 blue half ovals hugging the yellow support line.
Upside down triangles and blue and grey rectangles:
These shapes show where price considered a 50% - 61.8% pullback in price gave support on the hourly chart. This support is marked with 2 grey dotted horizontal lines as well. It is crucial for bulls to hold this as new support in order to build faster moment to break higher above .096 with a closed price on the 4H or daily. The blue rectangles show where price over extended but did not succeed in holding. Hindsight is marked with grey rectangle boxes.
The green outline boxes:
This represents the pattern I think we will have come in the near future. TAKE A CLOSE LOOK AND TRY AND SEE HOW PRICE CAN REPEAT THIS SAME PATTER BUT ON A SMALLER SCALE. NOT EXACT BUT IT CAN HAVE A SIMILAR FORMATION.
-----------------------------
The average retest in prices happen 5-7 days to 10-12 days out between each price test. When ada is in a tight range of accumulation these prices are revisited on a 3 to 5 day count.
I have roughly calculated that road-map distances and project workflow take an average of 60 days with a 30 day follow up AMA and announcement that is usually worth listening to that encourages our current technical data.
The yellow circles represent where I would prefer to buy based on what price is doing at those prices at that specific time. This is where I usually set alarms to help notify me to pay attention to the market.
The purple spectrum of prices and red arrows:
If price breaks our yellow support I will refer to this price range and look for a LARGE INV HEAD AND SHOULDER WITH A HIGHER RIGHT SHOULDER BEING THE YELLOW ARROWS INSIDE THE WEDGE. please try to visual this with your eyes when you view the chart.
*****What to take notice of right now****
- MID MAY FINISHED LOW WITH A BREAKOUT (end of flag formation before 2nd impulse) .06 to .07
- END OF MAY FINISHED AT 50%-61.8% (.08 cents zone) after making a week 3 HIGH of .10 cents and closed with 2 failed retests (M pattern) at .096 cents.
Essentially, price went to the medium range between 6 and 10 cents....(8 cents zone). This trapped late buyers and fooled late sellers when a second retest of .096 happened creating a lot of confusion with day traders. - Price made a lower low on the 9th of June and a slightly lower high indicating that SELLERS are a bit stronger in our current time and buyers need to be cautious until we form a new pivot point that is higher than .078 cents. This is what created our purple line spectrum because these pivot points now create that speculative range in prices.
There is NO BUY OR SELL SIGNAL or trade setup available until we see price at the yellow line or a rejection prior to reaching it.
---------------------------------------------------
********Please be advice that all of this represents possibilities and do not hold any truth until the market gives us a recognizable structure with relative strength (RSI) that supports moment and volume.
-----------------------------------------------
I will research on upcoming announcements and dates to follow up on this trade idea for my followers. If you like this short term idea please give me a thumbs up!
Best speculative re-entries for buyers: .073-.076
medium risk .083 cents (do not enter this if you do not have a trading plan supporting it)
high risk: .085
BAD RISK .096
------------
Best entry: wait for the break of .10 cents with a closed candle on the 4H or higher time frames.
Thank you again! please comment if you have any questions and I will do my best to answer them.
노트
sorry for the typos! I was trying to post this idea with some haste for a follower of ours who had short term questions.노트
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