c3l3x

c3l3x

Hello friends! Yesterday's crypto market downturn pushed ADA prices down. Support at 1.40 was tested several times, but held as expected. ADA was only to rebound to just under 1.44. Despite this the bull trend remains intact and higher prices should be coming soon. Today started with a nice rally that raised prices back above 1.45, where it is currently...

c3l3x

Hello friends! Yesterday was an exciting day. As forecast, ADA tested 1.45 several times before breaking above to reach just under 1.50 at 1.4955. The day closed above 1.45 at 1.46. Today support at 1.45 could now hold with a minor selloff down to 1.41. This is a healthy action what will keep the current bull trend from overheating, allowing the rally to...

c3l3x

Hello friends! Yesterday's forecast was, "test of 1.40 likely, possible break above towards 1.47." ADA indeed did break above 1.40 and was able to rally to 1.44 before running out of steam. ADA established good support at 1.40, which was tested early in today's trading with bears bringing prices down to 1.38 but unable to break 1.40 support. After the 1.40...

19:58

c3l3x

Hello friends! I've been wanting to do a new macro analysis since the May 16 ATH. Until now I was not feeling confident enough in the indicators to call a bottom or project the next leg of the bull cycle. In this video, I discuss the following - Indicators of the bottom that has formed and bullish outlook Discussion of how I determine and analyze trend...

c3l3x

Hello friends! Yesterday was an exciting day with several tests of support at 1.30 and indicators that looked quite negative in the first half. Some followers were skeptical of a rally, and I was also nervous that my analysis was incorrect. The forecast was, "1.30 test possible, but 1.35 test likely and 1.40 possible." In the end, 1.30 held and a strong rally...

c3l3x Updated 

Hello friends! I usually cover ADA, but some followers suggested I look at the current BTC/USD situation. Downward momentum is in control in many timeframes today, but the depth of consolidation appears limited. A test of 32.0k is possible, but prices may not fall much lower than 32.7k This weekend shows signs of bullishness. 32.0k is likely to hold with...

c3l3x Updated 

Hello friends! Yesterday's ranged price action, although expected, was not exciting nor bullish with prices down on the day and a test of 1.30. Today could be much more interesting. Building upward momentum may be signalling a potential break above 1.35 during ranged price action A break above 1.40 towards 1.50 is still in play this weekend, though it could...

c3l3x

Hello friends! With many new candles we have a lot of signal data to work with to see where ADA is going in the next 5 days. The general picture is positive with upward momentum in control or taking control. As much as I would like a power rally back above 2.00 (and we could see a fast rise one of these days), I like what I am seeing with the indicators. A...

c3l3x

Hello friends! There are many new candles, so I will break my update into two or three posts. This one will focus just on the short-term of the daily and a peek at tomorrow. The others will look at near to mid-term and macro. ADA has continued to climb closer to 1.40, despite a mini-shakeout yesterday that brought prices down to 1.28 temporarily. Today, price...

c3l3x Updated 

Hello friends! ADA tested 1.35 yesterday, as expected, but was rejected and fell back to 1.30. Despite this ranged action, signs of a rally in the near-term are looking stronger. While the price action is ranged and looks uncertain, the indicators are increasingly bullish. A test of 1.35 is likely today with a possible breakout that could bring prices to...

c3l3x Updated 

Hello friends! Yesterday, prices ranged under 1.30 as expected, and tested 1.30. Late in the day, ADA was able to ride a broader market rally to break above 1.30, but was unable to reach 1.35. The move improved indicators in daily and lower timeframes. Today, ADA is trying to establish support at 1.30. The 3H is the most optimistic with RSI and LSMA rising...

c3l3x

Hello friends! As forecast, yesterday ADA tested 1.20. Much of the day was between 1.20 and 1.25. The trading day has started with a rally to 1.28 and the potential for a test of 1.30, but the overall trend remains down for the day and coming days. Today could see another test of 1.20. The new 3D chart suggests lower lows are in store for the next few days. ...

c3l3x

Hello friends! ADA price action was as expected yesterday, with pricing topping at just under 1.40 and then descending to test 1.30. Once it broke down 1.30, around mid-day, ADA was unable to regain 1.30 and ranged between 1.24 and 1.30. With ADA unable to capture 1.40 and upward momentum exhausted, downward momentum looks to take control again in the daily,...

c3l3x

Hello friends! Again, yesterday's forecast missed the mark with prices exceeding 1.30 and attempting to convert resistance to support at 1.40. Thus far, ADA has been rejected three times at 1.40, but has found support at 1.35. The daily looks up in higher intraday timeframes, but down in lower intraday timeframes, suggesting volatility in the day. The 12H...

17:17

c3l3x

Hello friends! Yesterday's forecast did not play out as expected. The broader market rebound was stronger than indicated, bringing prices to 1.31 before falling back towards 1.20, a bit higher than yesterday's close of 1.16. Support has been holding at 1.20 with prices ranging between 1.20 and 1.25, but ADA has been unable to find lasting support at 1.25. In...

c3l3x Updated 

Hello friends! Yesterday was an exciting day. Prices continued from the open at 1.17 down to 1.00 before rebounding to 1.24 and then falling again once support at 1.20 could not be established. The earliest a bottom could start to form would be in 24 hours, but most likely downward momentum will continue until the weekend, as there will be downward pressure on...

07:34

c3l3x Updated 

Hello friends! Yesterday BTC and the broader market crashed, sending prices down double digits across the board. I will leave discussion of why that happened to others, as it is beyond ADA's technicals. ADA dropped l8% on the day, erasing the upward momentum that ADA was forming. Compared to many assets that fell 20-25% or more, ADA fared relatively better,...

15:38

c3l3x Updated 

Whether the broader market, and ADA, is declining into a "crypto winter" or death spiral is a valid question to ask, especially when prices are well below a recent ATH. With TA we can only look at probabilities among possibilities. A drawn out consolidation is possible. However, RSI and LSMA remain high in timeframes 10 days and above. In most timeframes,...