This is a very simple analysis based on ratio analysis. [see chart below]
Based on the last several waves down ADA saw a 81%, 80%, and most recently, a 79% retracement.
These ~80% retracements were then followed by a 150% and 132% bounce.
Therefore, if this pattern continues we should expect ADA to make a nice run to the 800 sat level. Coming to about a 100% return from the 400 sat level.
The Plan:
In the coming days/weeks ADAXBT should form a nice bottom pattern to help support this analysis.
I plan to gradually average in on retracements.
I hope you found this analysis interesting and maybe even a little helpful!
I wish you the best of luck!
Based on the last several waves down ADA saw a 81%, 80%, and most recently, a 79% retracement.
These ~80% retracements were then followed by a 150% and 132% bounce.
Therefore, if this pattern continues we should expect ADA to make a nice run to the 800 sat level. Coming to about a 100% return from the 400 sat level.
The Plan:
In the coming days/weeks ADAXBT should form a nice bottom pattern to help support this analysis.
I plan to gradually average in on retracements.
- Stop/Loss: 355 sats
- Primary Target: 810 sats
I hope you found this analysis interesting and maybe even a little helpful!
I wish you the best of luck!
עסקה סגורה: היעד הושג
Very long trade! However wouldn't you say 100% was worth it? 
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.