ADA BTC 4H Trading Forecast

in #crypto8 years ago

ADA 4H forecast.png

What's up lads and ladies!

In my eyes this is a pretty obvious cup and handle formation, backed with overlapping fib lines.

In general ADA is right now in a retracement, but there are no project based reasons to be in a downtrend, this speaks for a "comeback" and the here seen cup and handle formation.

ANYHOW right now I would and will myself wait until and if it drops to 2635. From there it might go for a short period to 2460. The stop loss would be here below 2215.
From entering around 2635 I see it going back up in steps (also followed by the overplayed fib lines) back up to 4105, from there it will either go straight up to 4829 or even 5159.

Cheers Tomas