CoolShades
Panjang

ADA needs to clear 2922 with sufficient volume to pull through

BITTREX:ADABTC   Ada / Bitcoin
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
Komen: We are currently retesting 2922. If it holds, target is should be achievable
Komen: Held strong. Lets see where this goes.
Komen: Formed the cup, all we need now is a handle...
Komen: We are approaching target 1 (4800)

Target 2 is 5200
Komen: Target 1 reached. Congrats to everyone. Let's see if we can reach target 2
Komen: Target 2 reached. I dont have any more targets for now. Ill wait for the bigger correction and re-evaluate. Thank you all.
GREAT chart! I am just learning TA and this really helps...I will definitely follow your work. Congratz to ADA holders we are in a nice upswing just as you have drawn up.
+1 Balas
CoolShades wovenlight7
@wovenlight7, thanks for the comment bud, I've only just started too. Good luck!!
Balas
Holding strong in the 2900 to 2915 zone. Hope it gets enough support and volume to hit 5K by first week of January. Hold tight!
+1 Balas
CoolShades cryptoboz
@cryptoboz, it held and exploded. We are still due to hit 4000 at least tho.
Balas
I think you're right. Expecting good news on Jan 5...
+5 Balas
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