Weekly market structure (and daily if we zoom out a bit more) is still incredibly bullish for Cardano. Shorter term price action has lead to a couple of lower highs and lower lows. We a reaching a big support zone which coïncides with the 0.5FIB level. Should we hold this level then ADA will have set a higher low and could continue its longer term bullish momentum.
21 & 50 MA crossover, along with the widening of the MACD has got me worried wether or not this trade will play out.
I have set a rather cautious stop loss as my last two trades got stopped out by a few sats only to then reach my targets.
Curious to see how this one unfolds. What are your thoughts on ADA/BTC?
21 & 50 MA crossover, along with the widening of the MACD has got me worried wether or not this trade will play out.
I have set a rather cautious stop loss as my last two trades got stopped out by a few sats only to then reach my targets.
Curious to see how this one unfolds. What are your thoughts on ADA/BTC?
