In 1D chart, ADA has an inverse H&S pattern. - ADA broke through the neckline of 0.4218 and then fell back to the support trend line, and the EMA was entangled, which means that ADA is in a state of consolidation. Before ADA falls below 0.2973, there is still a chance to reach the upper target: 0.4916 0.5131 0.5347 0.6045 - Look at the 4 hr chart: There are two bottoms near the support trend line, and if the price closes above 0.3801, the double bottom pattern is established. Follow the goals above: 0.3924 0.3962 0.3999 0.4122 -
Nota
After ADA encountered resistance at 0.3749, it fell below the trend line support, and the double bottom pattern did not appear. Pay attention to the price: 0.3480 0.3211 0.3127 0.3044 1D inverse H&S stop loss price: 0.2973
Nota
After ADA fell below the trend line, it did not continue to fall. In the 12hr chart, a K-bar reversal pattern appeared, pulling back above the trend line. It is speculated that the rise this time may be because the U.S. debt default has a chance to be resolved, which led to the rise of BTC, which in turn led to the rise of ADA. At present, ADA has a double bottom pattern, you can pay attention to: 0.3924 0.3962 0.3999 0.4122 0.4199 Stop loss: 0.3534 -
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