ADABTC breaking out here with a 12% move against BTC. Its looking very good for ADA with BTC turning bearish today. This shows positive sentiment for an ADA pump but also it shows that a BTC bounce may be on the cards in the not too distant future.
Also worth noting that ADAUSD is currently 9% green today against the BTC dump.
As I've said in previous threads, whenever BTC bounces ADA is going to pump.
Anyhow I've been browsing TV indicators finding trend tools and here's a good one for trend channels - the Supersmoother.
Similar to bollinger bands and other trend channel tools, but this one seems particularly good for finding reversals and breakouts.
Here can see the lower bands were threatened as the smoother drifted sideways post descent. But then in the sideways move, price has rose into the upper territory.
And now price has broken out above the upper bands, showing that this is probably not a fakeout, this will most likely become a rally of significance.
Also Guppy turning bullish blue again indicates the same.
Fibs showing possible EW targets. Price can consolidate 1.618 in this area and move on potentially.
Not advice.
Also worth noting that ADAUSD is currently 9% green today against the BTC dump.
As I've said in previous threads, whenever BTC bounces ADA is going to pump.
Anyhow I've been browsing TV indicators finding trend tools and here's a good one for trend channels - the Supersmoother.
Similar to bollinger bands and other trend channel tools, but this one seems particularly good for finding reversals and breakouts.
Here can see the lower bands were threatened as the smoother drifted sideways post descent. But then in the sideways move, price has rose into the upper territory.
And now price has broken out above the upper bands, showing that this is probably not a fakeout, this will most likely become a rally of significance.
Also Guppy turning bullish blue again indicates the same.
Fibs showing possible EW targets. Price can consolidate 1.618 in this area and move on potentially.
Not advice.
Note
1.618 tagged. Might see consolidation/ retracement here before next move up.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.