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The_Fib_Kid
Apr 29, 2019 11:57 AM

ADA Cup & Handle Long

Cardano / BitcoinBinance

Description

ADA completed an impressive Inverted Head and Shoulders and has now since completed a Cup and perfectly retraced to the .618 from the bottom which also aligns with .786 from another low, there's Fib Symmetry with previous swings also in the same region, 50ma 3day acting as support, RSI is above 40 which is the Bullish support zone, the the Composite Index (momentum oscillator of the RSI) is displaying Hidden Bearish Divergence to the extremes. Patience will prosper with this trade, or King BTC / BTC.D will ruin the parade
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