CryptoC77

ADA BTC Breakout or Retracement?

CryptoC77 Updated   
BINANCE:ADABTC   Cardano / Bitcoin

ADABTC now is situated into a falling wedge but if we zoom out a little we get a huge INVERTED HEAD AND SHOULDERS.But it will fail or not this inverted head and shoulders? Firstly,to can push this we need a BTC Stable/in upward mode :D
and we need a lot of fuel and also volume because this 1250 it s a huge resistance of inverted head and shoulders(neckline). Stochastic RSI it s overbought and RSI it s priting a rising wedge which means will drop

Macd also need to cool off
I don t know where we heading,so i m out from this trade,i will wait a little to cool down.If we break from this inv. head and shoulder next target will be the 200MA around 1407 sats.
Trade active:
Breakout!! we will see where will close this Daily candle
Trade closed manually:
Have MA support at 3D.It s good for a long term trade.!

Don t forget about shelley release(descentralization+staking)
Coinbase
Goegun q2 2019

Good luck

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