Yesterday's forecast was for a continued drop, but the depth surprised. Along with the broader crypto market, yesterday ADA/USD experienced a flash crash on regulatory fears that sent prices as low as the 1.03 fib before bouncing back up to the 1.28 level.
The timing of the crash was fortuitous. We now have new candles for many multi-day timeframes from 2 days to 12 days. This allows us to look at the rest of the month post-crash and see if a breakout is still possible. A summary of the video's findings are as follows.
Summary
- Intraday: Prices likely to range between 1.22 and 1.34. 1.34 will provide resistance limiting upward movement. If broken, 1.40 is possible.
- 2-4 days: Prices likely to stay between 1.20 and 1.34 in largely sideways movement.
- Weekly to 9 days: Breakout still possible, and looking more likely. Breakout unlikely to start this week (before April 24), but could start around April 26-28 or as late as May 8. 2.50+ possible by early/mid-May
Buy Zones: Anything at/below 1.30 is a good buy right now. Even 1.34 is good if we are able to breakout in the next two weeks to $2.50+
Good luck and good fortune!
The timing of the crash was fortuitous. We now have new candles for many multi-day timeframes from 2 days to 12 days. This allows us to look at the rest of the month post-crash and see if a breakout is still possible. A summary of the video's findings are as follows.
Summary
- Intraday: Prices likely to range between 1.22 and 1.34. 1.34 will provide resistance limiting upward movement. If broken, 1.40 is possible.
- 2-4 days: Prices likely to stay between 1.20 and 1.34 in largely sideways movement.
- Weekly to 9 days: Breakout still possible, and looking more likely. Breakout unlikely to start this week (before April 24), but could start around April 26-28 or as late as May 8. 2.50+ possible by early/mid-May
Buy Zones: Anything at/below 1.30 is a good buy right now. Even 1.34 is good if we are able to breakout in the next two weeks to $2.50+
Good luck and good fortune!
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.