On July 8 we published this screenshot suggesting a pullback for ADA, finding support around 0.116 USD, then moving back to the high of 0.132.
Check out how price has so closely followed the green line we drew...
The combination of SparksterSignals algo backtesting tools and experience with technical analysis is a winning combo.
Not to say we get everything right — but you only have to be right more times than wrong to make reliable gains. Consistency of strategy while avoiding emotional trading are key principles for trading success.
So what's in store for ADAUSD? Will price continue to follow our green line?
Based on 6 hour and 12 hour charts, yes we could see a break above the current price.
However, based on the 1 day, 2 day and weekly charts, it seems we may remain relatively flat for a short while as the market digests the recent huge moves, and bitcoin finds its feet again.
Check out how price has so closely followed the green line we drew...
The combination of SparksterSignals algo backtesting tools and experience with technical analysis is a winning combo.
Not to say we get everything right — but you only have to be right more times than wrong to make reliable gains. Consistency of strategy while avoiding emotional trading are key principles for trading success.
So what's in store for ADAUSD? Will price continue to follow our green line?
Based on 6 hour and 12 hour charts, yes we could see a break above the current price.
However, based on the 1 day, 2 day and weekly charts, it seems we may remain relatively flat for a short while as the market digests the recent huge moves, and bitcoin finds its feet again.
