KamilStasiak

Cardano - ADAUSD strategy, looking for buy area and confirmation

Analysing previous patterns of this coin on 4h interval:

- might became bearish if drop under 40 RSI or might turn short term bullish if cross 43 RSI ,

- there is already drawn sphere of inverted cup (and handle), could drop significantly to possible buy area 1&2,

- there is also hidden bullish divergence ,

- If cross 70 RSI , than ADA should turn full bull mode on.

Buy area 1 & 2 would be my entry zones, while buy area 3 highlited on RSI (if cross RSI 70) - my major add zone

Trade active: RSI 70 was crossed what means bullish confirmation

Trade active: 100 BTC sell walls are being eatean on Bittrex. Volume increasing.
Trade closed: target reached: ALL targets reached
When do you think this BTC crazy train is going to end?
Reply
@nedrob, I suspect that before CME launch Bitcoin futures on 18 dec, there will be "small" correction on BTC, after that it might go for new ATH very fast. Finally I would expect major correction on BTC at the end of december. January was " the month of correction" for BTC past years
Reply
Nice TA!
+1 Reply
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