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CryptoC77
Jan 8, 2019 5:36 PM

ADA BTC Breakout or Retracement? 

Cardano / BitcoinBinance

Description


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
Comments
GR_Crypto
a million dollar question !
CryptoC77
@GR_Crypto, or two :p
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