As you can see the resistances and support over the month of September.
We have hit the overall merging wedge upper resistance and horizontal resistance.
We also have rejection at these resistances and have on the 4 hrly chart higher lows which will indicate the easier path is downwards.
Its anyones guess what will take place next because XRP has driven this bull run so we need to wait for more data so now is not a time to buy in.
I'm guessing that a squeeze may occur as the last candle was green.
If we are lucky we will have another attempt at the upper resistance but the 0.09 peak has passed us away.
We have hit the overall merging wedge upper resistance and horizontal resistance.
We also have rejection at these resistances and have on the 4 hrly chart higher lows which will indicate the easier path is downwards.
Its anyones guess what will take place next because XRP has driven this bull run so we need to wait for more data so now is not a time to buy in.
I'm guessing that a squeeze may occur as the last candle was green.
If we are lucky we will have another attempt at the upper resistance but the 0.09 peak has passed us away.
Nota
Note the RSI chart and how it coincides with peaks and selloffs.Nota
Added another bottom support line on this close up Nota
Ada has broken the 0.091 major resistance and will head to 0.094 resistance. Looking at the charts now, it was rejected which is no surprise at 0.0939. and the pushback was minimal so I would say it will break it and go for the next resistance.Nota
Correction, next resistance is 0.0955. After that I dear say 0.0105 as the major https://resistancehttps://www.tradingview.com/x/L1jtlCgv/Nota
Nota
Noticed its a cup and handle shape, hence the hight should go to 0.098 before pullback for cup and handle rule Nota
note: Changed the format Cup and Handle failed to reach the expected hight.FYI added more detail for going long and short with https://ADAhttps://www.tradingview.com/x/moddEyVN/
Nota
Nota
max for ADA in this run is 0.97 or below (my guess 0.95 to 0.96)Weekly chart
Nota
Update due to BTC drop. MA20 acting resistance plus double top formation or potentially HS.Nota
it is time to be patient while within this current range.
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.