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Coinathlon
Dec 30, 2020 6:00 AM

ADA bullish divergence Long

Cardano / BitcoinBinance

Description

Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.

Also make sure to leave a like as it helps me out a lot!
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Cardano is looking interesting. Finding support on the range it was in for over almost a year. With a bullish divergence on the RSI.

When it touched here in november we saw a nice 50% rally towards the resistance at 936.

If Bitcoin retraces and fulfills its blow-off top, we could see Cardano move further toward the 1200 level.

What do you think about ADA? Long term hold? Or just a trade?
Comments
Tristan73
If BTC crashes why will ADA go up??...i would have thought alts normally crash with BTC....thanks...
Coinathlon
@Tristan73, When you look at an Alt compared to BTC it is normal that when BTC crashes the value of the alt increases in BTC value.
BillyFOMOS
I think ADA is going up long term. I have a bunch staked right now.
FrOeKz
@wcousin, I think as soon as possible
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