imBagsy

ADA Macro Thoughts

Short
BINANCE:ADABTC   Cardano / Bitcoin
$ADA Thoughts:

Wicked into the 18' yearly low, and found support back above it.

I would remain cautious here if you're bullish on $BTC. We could very well see a double-bottom form around the 830 level. If that breaks to the downside, we woud likely sweep the 17' low.

If you're looking to long, I'd wait on a sweep of the 17' low, or a daily close above the yellow POC level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.