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ADAUSD Completes Double Top PatternImportant things to note: ADA has retraced to 2.51 completing the double top pattern (M pattern) as I previously mentioned it would. The retracement confirms where ADA is heading, to 2.0 It is likely to make a stop at 2.2 and retrace a bit creating a new pattern which will tell us more. BTC has retraced and created a new lower high telling us the correction is still ongoing. BTC will likely close near 42826, if it creates a wick lower it will us another target to look for. Set alerts at 2.2 and 2.0. Great time to enter ADA using dollar cost averaging. Important Dates to Take Note of: ADA Summit Sep 25-26 2021 (likely to produce more important dates) As you know, I do not like to give concrete targets until there is some form of confirmation. That is how I trade and that is my style of TA, so it is reflected in what I post. That being said, ADA has completed the double top pattern (the M) and retraced to 2.51 completing the pattern. This retracement also lets us know that a fall to 2.0 is confirmed as of now. This can always change if there is a strong impulse buy at 2.2 which produces a higher high (it will be reflected in BTC as well). The retracement we get from that point will tell us if there will be further drops coming. The pattern is likely to take a stop at 2.2 and produce a small amount of retracement. Again, we are waiting for the impulse buy that creates a higher high. This will signal the correction is at an end. But like I said before, BTC is likely to continue correcting for a couple weeks so we will see where it ends. A fall to 42826 will mean a correction of about 20%. Normally corrections retrace about 20-30%. A fall to 38K would mean a correction of about 25% etc. We will see if a wick is produced letting us know what to look for. I would set my alerts for 2.2 and 2.0. That is all the information we have at the moment. Any further movements will be likely to produce signals and patterns letting us know where things are headed. If you are in at a higher price and do not have the money to dollar cost average all the way down, do not worry. ADA will create far higher highs in the coming months because there is no sign that the bull market is over. If you have the money to dollar cost average down, you are probably having a great time hearing this news. Again, you want to build your portfolio by acquiring assets at discounts. So, this isn't a bad time at all for you. I will keep an eye on ADA and continue to update you all accordingly. Thanks again! Also, it is worth mentioning that TradingView has reached out to me and offered me very kind words, and showed me some support. I thought that was very nice of them and it was very unexpected. Though, I never planned for any of this to happen at all. I was constantly making charts for myself and my friends and some of them suggested I post them publicly. I never imagined any of this would happen, if I did, I would have waited until I had a bit more free time LOL. However, it makes me really happy to know that people are learning from my charts and hopefully it will encourage you all to learn technical analysis for yourselves! In a couple weeks I will have more time to make the educational content you have been asking for, and I will likely chart a wide spectrum of assets. Thank you again for all of the support, it means more to me than you know! Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
20
SPCE - Bottom is In?The bottom may be in for Virgin Galactic (SPCE). As you can see, SPCE has bounced from this trend line 5 other times in the past. There was one instance where it broke beneath this line with force but the catalyst was based on false news (rumor that flights were grounded until 2022). For investors and traders alike, this may be a great entry. There is still a possibility that we may drop as low as the red line, but as you can see, the purple line that it's currently resting on is much more influential.
NYSE:SPCELong
by ttrending
5
ETH WEEKLYDip came much faster and quicker than most expected. but it was well needed to finally break through the ATH which will happen. Keeping things simple, ETH still has room to move downward, Ill look for the 1500 level for bottom... there is lots of fear in the markets. but one things is not dropping, the crypto holdings of investment institutions. This dip seemed to be catapulted by the whales in the game deciding now is the right time to dump the market and get better positions in these assets. This recovery could be slow but it can also shoot back like a bullet so watch out, most the volume on exchanges is still locked in stable usd, dai, or similar assets, so you can assume people are ready to jump back in in any second. BE ready. Comment your ETH bottom!
Long
by MarketMastermindsGroup
4
Keep An eye on MATIC! We will see a move soon!Here's a quick look at MATIC 12 hr chart. As we can see, the price has formed a bigger rounded bottom formation, and we could see a bigger breakout soon! Definitely one to keep an eye on. The best entry would be, when the price breaks above the level shown in the chart with good amount of volume . ------------------------------------------- The idea is: Buy the breakout from the level shown in the chart and take profits at the levels shown in the chart. Targets: 1. 2.09$ 2. 2.25$ 3. 2.7$ - Profits can also be taken in the resistance zone . ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
MLong
by MBM_Crypto
4
Silver Bull Flag - Weekly XAGUSD IdeasSilver is poised to print its lower low on its weekly chart, printing this i can confidently says it has found it bottom an ready for the rally up. This week we will be seeing range from 22.50 to 26.00 and what make this week more interesting is the Hammer printed last week on Gold Chart could be catalystic. In Case of a quick run up 28.00 would be the start and 38 is our next target. Check out the Weekly Stochastic too.. Im generously Confident!
XLong
by CaratTrade
(update) AVAX can reach 40$ after a pullbackHi every one AVAX/USDT This is an Update on the last analysis of AVAX. you can see That The Price has managed to Break this pattern successfully but there should be a Pullback to the new support which has been created recently .after that the price can reach around 40$ easily! Previous Analysis: 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
15
LINK/USDT is gonna boom soon!Hi every one LINK/USDT LINK/USDT is now in a rounded bottom. this means the price can Increase as much as the width of the this pattern soon the pattern must be broken first for confirmations. after that There is a strong resistance at 52$ for Link and a new support will be created at 32$. summery: -Link is in a rounded bottom -The pattern has not been broken yet, -after the break out happens, a new support is created at 32$ -target and resistance at 52$ 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
25
AAVE has Enough bullish Potential to reach It's ATH once again.Hi every one AAVE / TETHERUS AAVE/USDT has Just Formed a rounded bottom! this Means That AAVE is ready to do a Massive Jump in it's price.as you might know the price can Increase as much as the Measured Price movement (which in This case is as big as the Height of this Pattern.) so It means the bullish Potential For AAVE is pretty Big and It can Reach It's ATH once again!!we just have to wait for the Break out to happen. summery: -AAVE is in a rounded bottom -It can Increase to It's ATH once again If It manages to Break the Pattern. Previous Analysis: 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
35