Here’s my humble case for the bottom of a Bullish Trend on ADA
I’m a technical analyst, NOT a fundamentalist. I have annotated the image on this post to reflect the method to my madness.
So, if your eyes are peeled for ‘news’,
where the producers are trained
how to instil greed and fear,
delivering hope and despair,
you came to the wrong place.
I’ll talk up the assets I hold during masterminds,
where my opinion on the matter matters more.
Technical Analysis on ADA Price Action
- ADA’s Price Action has pivoted @$0.68USD
28 weeks out of the last 52. - Last time bulls broke past 68 cents, it
simultaneously broke out of a strong bearish trend from Christmas. - The dark purple rectangle I put on the chart is largely comprised of Market Makers, who only take bullish positions in high volumes in advance of Market Movers (the people).
- Most Recent High Beat Previous Highs
which are 10% and 20% higher than Head of 2024’s High. - Sixty-eight cents is ALSO 2024’s most prominent Shoulders.
when price action is back above $1.30USD,
on it’s way to All Time Highs of $3.00USD,
my future self would kick me if I didn’t
Dollar Cost Average to 2025’s Support at $0.51
Disclaimer:
None of this is financial advice.
I take full responsibility of the equity
I have and have not placed
across 6,000+ Cryptocurrencies.