ADA.USDT (Y20.P4.E2.v2).Looking for the next long

2020年10月10日

Hi All,

*** This is another continuation post (v2), as per my posting methodology is to continue the trading story when its applicable ***
If you look at the link provided, I gave plenty of reasons as to when to enter and hence using the same chart, one can see the following held true so far:

a) re-accumulation zone is where we expected for the reversal structure to come from; where 0.618 fib level is a likely entrance point;
b) the reversal structure is not what I expected at this point;
c) we broke the downward channel and found resistance at the first macro fib level, 0.382 (~$0.13);
d) if you didn't start buying at the bottom area as per my previous chart stated, then you should have got in the pull flag as per this channel breakout;
e) I have the next target and strong resistance at the WR weekly resistance level which equates to the next fib macro level as per chart. Major target $0.20 to $0.23 as per weekly chart

Please give me a tick or like for this post.

Regards,
S.SAri
(A and Z charts)

12 HRLY chart


Weekly chart



Yesterday, another perspective.


PREVIOUS POST

2020年10月10日

註釋

15 minute chart also give you another method to enter, cradle method.

2020年10月11日

註釋

2020年10月12日

註釋

2020年10月13日

註釋

2020年10月13日

註釋

bull flag

2020年10月15日

註釋

ADA price explained. Livermore structure completed with point (15)