ADA/BUSD
This is the yearly chart with 4h candles. Very quickly I noticed a few significant pumps followed by a descending curve. Even the latest big correction we had has followed this pattern to a certain degree.
Basically, the price pumps around 40% on average and then starts slowly falling again. I noticed that all of those curves have three significant lows before they pump again. As in the second and third examples, a slight consolidation period is possible between the last low and the next pump. In all four cases did the price not go below the third low point, marking a good entry point.
For a potential ADA/BUSD this would mean:
Entry: 1.35-1.5
TP: 1.89 (+40% von 1.35)
Stop Loss: 1.347 (third low of the last formation)
This is the yearly chart with 4h candles. Very quickly I noticed a few significant pumps followed by a descending curve. Even the latest big correction we had has followed this pattern to a certain degree.
Basically, the price pumps around 40% on average and then starts slowly falling again. I noticed that all of those curves have three significant lows before they pump again. As in the second and third examples, a slight consolidation period is possible between the last low and the next pump. In all four cases did the price not go below the third low point, marking a good entry point.
For a potential ADA/BUSD this would mean:
Entry: 1.35-1.5
TP: 1.89 (+40% von 1.35)
Stop Loss: 1.347 (third low of the last formation)