trader_se
Long

ADA / BTC - 21 April 2019 - HTF

BINANCE:ADABTC   Cardano / Bitcoin
Overview
ADA is currently in a strong downtrend - but it looks overstretched and soon a retracement should happen.

There is a nice confluence with the 70.50% Fib level and a demand zone (orange field). I also expect some reaction at the top of the blue area and the 61.80% Fib level.

Two targets

Dont forget:
- Watch your Risk management
- Bitcoin has an influence on all Altcoins, be aware of movements there
- DYOR (Do-Your-Own-Research)

Please consider:
This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.

Thanks for reading!
- SE -
Comment:
Comment: Currently we see the reaction of the blue area as mentioned earlier
Comment: A far bigger reaction on the blue level than expected - will be interesting to see if BTC follows
Comment:
Trade active
Comment: Close to SL - will see how BTC reacts and then adjust it
Trade closed: stop reached: Decided to not adjust - rules are rules ;)
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