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ADAUSDT 4h · Quasimodo · long

WAITING FOR A RETURN TO QMLOpen · updated 06.10 16:00 UTC · forecast for ADAUSDT
QML (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