Chase007646

Potential Head and Shoulders Pattern Signals Major Correction to $0.15ishI've identified a potential Head and Shoulders (H&S) pattern forming on the ADA/USD daily chart. This classic bearish reversal pattern suggests a significant correction could be imminent.The pattern's neckline is clearly visible, and if it breaks, the implied move, calculated by measuring the distance from the head to the neckline and projecting it downwards, targets approximately $0.15. This represents a potential drop of around 76% from the current price.While many influencers and analysts predict ADA to reach $5, it's crucial to acknowledge the bearish signals presented by this H&S pattern. The reality of technical analysis dictates that we must consider all possibilities, even those contrary to popular sentiment.Good Luck

I don't know but I doubt it. Crypto is a 'risk on' asset, the riskiest and what ever benefits we get for having Trump as president will probably be crushed by the chaos he's causing. So I'm hedged in case the short term is down.

DOGE has had an incredible run lately! While the momentum is exciting, I’m seeing signs of a near-term slowdown. With RSI pushing to high levels and volume fading, this might mark a temporary top for the next 24-72 hours. Bearish divergence hints that a cooling-off phase is on the way. Keep an eye on those signals, and let’s see if we get some fresh buying opportunities soon! 🐶💰

This weekend, I'm sharing my BTC outlook on TradingView. The thesis: retail FOMO is still strong, with traders buying near the top ahead of a likely correction to the 70K-74K range. Following Trump's recent election victory, BTC is seeing a bullish surge as traders anticipate economic promises he made during his campaign. However, while optimism is high, any fundamental policy changes will take time to materialize, and the initial market reaction is likely more sentiment-driven than sustainable.I project that BTC will reach the 77K level, creating a new high while preserving bearish divergence—a crucial point to watch. I’m trading on the one-hour chart, where the current pattern appears primed to repeat until proven otherwise. My stop loss is set below the green support line at $76,218 in case momentum shifts.As this is my first TradingView post, I hope my insights resonate with you. Wishing you success this weekend as the U.S. market buys into the bullish trend. Good luck, and I hope you find my perspective useful.With BTC touching 77K, attention has shifted to Cardano, where FOMO seems to be reaching a peak. This could mark a local top for ADA over the next 24 hours as retail excitement surges. Anticipating some resistance and potential pullbacks soon, as the market may need a breather. Good luck!