GuywithBitcoin
Long

Update: Cardano Almost there (New Resistance & Support)

BINANCE:ADABTC   Cardano / Bitcoin
We almost reached our IH&S Target of 1900 Sats Today.

Target was reached way earlier then i expected. Which means there is more room for growth before ADA summit on 17th-18th april.

If we Break 1900 sats in few days and close above it then we may go towards 2400.

If BTC helps Ada may also reach 3k Sats very soon.

Positive Signal: 50 EMA Crossing 200 EMA on daily chart .

Negative Signal: Weekly and daily RSI|STOCH RSI Overbought. (It may stay Overbought for long period especially when bulls are in Control.)

Retracement Level: Cardano have had very good last few weeks. It may retrace a bit which will be healthy correction. I am expecting a retrace towards 1700. If this level breaks, 1530 sats should hold.

If you were around in last ADA Bull Cycle then you may have noticed that ADA just pumps and stays there for few days and pumps again. Last Bull cycle was from 300 sats to 9k sats and all this happened within 40 days of time.

Good luck trading Ada .
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