ADA continued IOHK prepares for ATALA Project

Please refer to previous ADA idea

left inv shoulder timeline = 2 Months Q1 HIGH ZONE
Head consolidation into Q1 = 4 Months Q1 LOW ZONE
right inv shoulder timeline = ?????? Q2 new HIGH price made will we end April with a new monthly low?? :)
Guestimation aka speculation: Early to Mid May 08-12th 2019 curvature zone for right shoulder

Current Price zone pattern: BULLISH FLAG - break of flag up gives us bullish intent. A daily close above .079 will indicate bulls
Impulse from: .071
Trend price started at: .043
Corrective resistance at .10


Entries for ADA

current entry: .02
current entry 2: .04
New entry 1: .07 -- 61.8% from impulse
New entry 2: .065 -- 61.8% from start of trend
New entry 3: .055 or .052 spike zone -- 61.8% from bottom of head most likely this will be our buy if price hugs the angular bullish range floor marked by the yellow line

TP zone 1: .110 - .119
TP2 zone 2: .125 - .145

News: IOHK Summit 2019 announced PROJECT ATALA - A new product. Will it be connected to ADA in the future? Only time will tell.

The lead developer for Cardano ( ADA ) is planning to develop a new cryptocurrency in collaboration with the government of Ethiopia, in order to provide a secure and dependable means of payment for the nation’s capital. ATALA is a permission based private enterprise blockchain solution.

Summit Link: youtube.com/watch?v=ZAJ5n_smUY4



Hope you enjoy this continued Idea :) As always trade with proper risk management!