ADAUSD Short Term Targets in Channel

ADAUSD Short Term Targets in Channel

Important things to note:

BTC looks like it is still consolidating in a flagging pattern for push higher.
Total2 is almost at its ATH .
BTC .D dropping like a stone.
Lot of ugly patterns for alts at the moment.
ADA is still in short term bearish structure.
However descending channel signals upward breakout.
I have noted important levels on chart.

Important dates:

BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24.

Hey everyone sorry I have been posting a bit less. I have been fighting through internet outages and have been busier than usual due to that fact. Overall the market looks fine. BTC is consolidating in a flagging pattern while its dominance is still heading south. Total2 is nearing its ATH thanks to ETH. However I see a lot of ugly looking patterns for a lot of alts which is making me believe there might be some cooling off in the near term. Because of this fact, I have noted both upside and downside targets for ADA. I also noted the level that needs to be crossed for bullish targets to be considered. This is all fine as long as the PA staying within the descending channel . After all, the descending channel itself is a bullish signal. So, I am guessing the reason for all of this is just last minute money moving around. November is right around the corner and that is when the majority of assets will begin heating up. I personally am done with my rotations. However, there is still time to do so. You might want to give it a day or 2 to see how the PA is looking before you do. I have started posting charts on other assets I am in. So feel free to take a look if you want. I have said this a million times but I highly recommend diversifying your assets. That is a basic investing rule along with rotating. Consider this or you will be subject to unfortunate opportunity costs. As always I will continue to update you all! Thanks again!

I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.

Tell me what you think?

This is not financial advice. DYODD.