ADA headed to 1 dollar? Unpopular idea but a great buy.

26 nov. 2021Looking at the chart and being a pure technical trader there is the potential for ADA dropping to the 1.618 extension.
Seeing ETH pulling back and ADA responding heavily to that and key monthly support being broken and backtested, it is setting up for a massive buying opportunity.

If it comes anywhere near $1, let's say $1,10, I will be a happy buyer. I wouldn't short it here but I would buy it at $1.
Let's see how it develops in the coming weeks.

29 nov. 2021

Kommentera

Progressing nicely. The market is turning more bullish so let's monitor it closely and let's see what happens. Waiting for a sign of strength

8 dec. 2021

Kommentera

So far it's on it's way to $1. It has bounced from a major .618 retracement.
The rejection from the monthly level resulted in a big drop.

At this point I wouldn't buy it. I rather wait for it too get back above the monthly at 1.73 or a drop to $1.

This is currently a no trade zone for me.
I will wait

22 jan. 2022

Kommentera

$1 reached. For now it looks like that 38 cents and 61 cents also seem possible.
Don't wanna play the bear at the bottom but it's really selling off big time. I will wait for a reversal before entry