ADAUSD: Highly bullish in the next few months
ADAUSD appears to be a golden opportunity at the moment.
As it can be seen from the chart there are several very bullish patterns:
- Double bottom (2nd bottom is a higher low) possibly making an Eve (rounded first bottom) - Adam ( V shaped bottom) double bottom.
- Current price action is in the terminal stages of a 4-months long falling wedge. Breakout should be powerful.
Some indicators confirming the upcoming breakout:
- OBV rising creating a bullish divergence indicating that smart investors are accumulating.
- MacD creating a bullish divergence and soon to cross the 0 line to start a positive trend.
Profit target:
1st: $0.20
2nd: $0.38
As it can be seen from the chart there are several very bullish patterns:
- Double bottom (2nd bottom is a higher low) possibly making an Eve (rounded first bottom) - Adam ( V shaped bottom) double bottom.
- Current price action is in the terminal stages of a 4-months long falling wedge. Breakout should be powerful.
Some indicators confirming the upcoming breakout:
- OBV rising creating a bullish divergence indicating that smart investors are accumulating.
- MacD creating a bullish divergence and soon to cross the 0 line to start a positive trend.
Profit target:
1st: $0.20
2nd: $0.38
Note
Still on track!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.