a1Keith
Long

ADABTC long on retracement

BINANCE:ADABTC   Cardano / Bitcoin
ADA peaked a few days ago . The retracement followed a gentle downward slope. You can see the same gradient on the chart last month.
Over the last few days although we have been following this gradient, price has stepped up. This is a bullish sign.
A breakout occurred over the last few hours.
I will wait to see if price falls back to this line before entering long.
I will use the same descending line (highest descending line) to determine the profit target.
I will check the chart again in 12 hours
I did not enter this trade. For those that did, you may want to consider taking 25-50% profit.
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