TradingView
fourthaxis
Jan 14, 2018 10:53 PM

ADA Cardano Long term trend breakout LONG Long

Cardano / BitcoinBittrex

Description

It looks like BITTREX:ADABTC could break out to the upside from here. It's come back down to long term upward trend support levels. Looks like low risk entry point. I'd set stops around the light blue long term upward line. If it breaches the yellow line and sticks, lookout below.
I hold long position.
Comments
keatonej
People have been doing these charts for the last 3 weeks claiming that ADA coin was about to break out and go up.... Sure...it will go up but when? Next week, next year? Nobody knows...
fourthaxis
@keatonej, In the last 4 weeks, it's made two huge runs and is still up like 600%. It's only since the 4th that it's had downward momentum.
I'm not part of the guaranteed to go up crowd. I trade what I see. I took profits a while ago, and am looking for confirmation to reload.
More