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
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We are currently retesting 2922. If it holds, target is should be achievable
Komen
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Held strong. Lets see where this goes.
Komen
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Formed the cup, all we need now is a handle...
Komen
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We are approaching target 1 (4800)
Target 2 is 5200
Komen
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Target 1 reached. Congrats to everyone. Let's see if we can reach target 2
Komen
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Target 2 reached. I dont have any more targets for now. Ill wait for the bigger correction and re-evaluate. Thank you all.
I think you're right. Expecting good news on Jan 5...
wovenlight7
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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.
CoolShades
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@wovenlight7, thanks for the comment bud, I've only just started too. Good luck!!
cryptoboz
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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!
CoolShades
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@cryptoboz, it held and exploded. We are still due to hit 4000 at least tho.