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

10 окт. 2020 г.

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.


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