ADAUSDT 4h · Quasimodo · long
WAITING FOR A RETURN TO QMLOpen · updated 06.10 16:00 UTC · forecast for ADAUSDTQML (entry zone)Tap the markers for explanations · time in UTC · delta and CVD below
Timeline
- Liquidity formed: local low 0.2426 (left shoulder)
- Structural high 0.2467 confirmed
- Price took out the liquidity beyond the left shoulder
- Head 0.2421 confirmed
- CHoCH: close above the structural high 0.2467. Quasimodo confirmed
Why this setup was found
First the market formed a local low 0.2426 (left shoulder). Stop orders piled up below it, that is, liquidity.
Then price took that liquidity: the head reached 0.2421, which is 0.0005000 (0.07 ATR) below the left shoulder.
Then price closed above the previous structural high 0.2467 (close 0.2477). This is a bullish CHoCH: a change of market character.
The left shoulder zone (0.2426–0.2438) became the QML level: price often returns here before continuing the move.
There were equal lows nearby: they were what price hunted.
Structure on 1d: bullish (supports the idea).
On the break candle aggressive buyers dominated (53% of volume).
Now: waiting for price to return to QML.
This is a scenario built from market data, not a guarantee of the result.
Confirmations and contradictions
Liquidity takenConfirmation
Equal lowsConfirmation
Change of character (CHoCH)Confirmation
QML not touched yetConfirmation
1d: structure is bullishConfirmation
Delta confirms the breakConfirmation
CVD confirmed the headAgainst
Absorption at QMLUnknown
Footprint (from trades)Unknown