Breaking the 200 day moving average with that trend line will mean 50 day MA going above 200 MA as well. We will have multiple bullish signs if that where to happen. 2x returns will be easy without leverage if this happens in my opinion. Keep an eye.
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Expected breakout happened but no confirmation of the uptrend yet. Still struggling to get out of resistance. We need higher volume and a stronger up-move break of 1350 will mean low is in for the mid tearm. I will wait for a higher high and get in on any pullback. Double down if I see 1350 breaking.
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Long story short longer time frames don't confirm any breakout yet. So wait...
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If weekly manages to close like this this is officially the beginning of a bull market in ada vs BTC
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Take profit at 1850. Wait for a retrace. 50% Up since I uploaded the chart. Not bad. I'm an idiot at fallowing my own ideas. made %20 with a small position...
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This could go up to 4000. But not in a day
Trade closed: target reached:
At 1850. Now you can wait for a retrenchment. This turned out to be +%60 profitable since I uploaded the chart.