BINANCE:ADABTC   Cardano / Bitcoin
On the above 3-day chart price action has corrected almost 70% since the sell signal back June 2021. Ever since price action has been in a downward channel . A number of reasons now exist to be bullish , including:

1) A strong buy signal. Look left.

2) Price action breaks out of Bull flag and confirms support on past resistance.

3) Price action bounced off the golden ratio.

4) The flag pole extension measures a 780% move to 17k sats .

5) On the 10-day chart a text book Cup and Handle formation has printed (below).

Is it possible price action falls further? For sure.

Is it probable? No

Ww


Type: trade
Risk: <=6% of portfolio
Timeframe: 3 to 9 months
Return: 7x





10-chart cup n handle
Trade active: Pi-cycle bottom illuminates as price action bounces off the 200-week SMA

Comment: There is no certainties only probabilities. However the Bitcoin pair for ADA is suggest a large move may be very near:

The buy signal + Pi-cycle bottom alert with RSI +50.

Ask for updates below, I'm not trading this.


Comment: Price action breaks past resistance, should be an interesting month.
Trade active
Comment: The GRM is showing support (yellow dotted line) as hidden bullish divergence prints. Expect upward oomph in the weeks ahead.


BTC
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Want to try out the Po3 indicator as seen on my ideas?
€100 for 45 days or €650 for 1 year to this Paypal: https://tinyurl.com/4xrbj3jv

Allow 3-6 months on ideas. Not investment advice. DYOR
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