Cardano ADAUSD has been quiet after its 3-fold bagger in a week

2024年11月14日

https://www.tradingview.com/x/b2h5oh4R/

It simply got caught in a Top1 and Top2 system on the 2HR timeframe. The price is now at a support-line and retracing back to the TOP2. Top 3 is possible? Yes, but I think the momentum will rise very quickly and a breakout above the Top2 and a run to 1.00 will take hold.

Here is the chart, with more info on the chart.

2024年11月14日

交易進行

The 4HR chart here might help it along from here.

2024年11月14日

交易結束：目標達成

Well, bitcoin and crypto are firing at the moment, not all but the big names.
Cardano is moving up and away from a double top so it can rebuild its shareprice.
Left of screen is the top formation 2 I have marked with a green wheel or circle.
It will move into this 'adaptive channel trend' and swing upwards and to the right. If you like trading channels, adaptive channel trend , free on trading view is a good one. 106.73 is the price of the USDX, so will see how the USD and Gold respond to PPI data coming up soon. I might grab the data that is being analysed today and paste it hear besides in notes.
Cheers, Chris

2024年11月14日

註釋

This is not results. Within next hour PPI , jobless claims to be announced

47 min USD PPI ex. Food/Energy/Transport (MoM) (Oct) 0.1%
47 min USD PPI ex. Food/Energy/Transport (YoY) (Oct) 3.2%
47 min USD Continuing Jobless Claims 1,880K 1,892K
47 min USD Core PPI (YoY) (Oct) 3.0% 2.8%
47 min USD Core PPI (MoM) (Oct) 0.3% 0.2%
47 min USD Initial Jobless Claims 224K 221K
47 min USD Jobless Claims 4-Week Avg. 227.25K
47 min USD PPI (MoM) (Oct) 0.2% 0.0%
47 min USD PPI (YoY) (Oct) 2.3% 1.8%

2024年11月16日

註釋

Keeps moving higher

2024年11月16日

註釋

Further big price moves today, soon to take the March high just over 80cents. Weekly chart below

2024年11月16日

註釋

Right now has pulled back to the golden-zone Fib area. Price will challenge the March high 2024 0.81 or thereabouts, it will smash through this one, unfortunately my broker sets limits on how much you can buy of non-big-cap Crypto and I have already bought out the allowance.