ADA-BTC Long can result in a juicy 50+% - Inverse H&S idea

Cardano (ADA) is looking very bullish on daily to test the neckline of the inverse Head and Shoulder formed over past several days and is heading close to the moment of truth.

• Ichimoku setup bullish on daily as price broke out of the cloud and lagging line comfortably above price candles and cloud
  
  
• Once resistance is crossed on a daily candle close, the upside potential is huge.
  
  
• Target 1 - 1548
  
• Target 2 - 1776
  
• Target 3 - 2060
  
  

If you like this idea, give me a thumbs up. Also have a look at my AI Lite indicator which populates BUY/SELL signals on chart based on a high probability system that I have developed. If you would like to try it for a week, PM me.

Happy trading.

Trade active:

Price broke the neckline and toda's candle opened above it. All looking good to hit price targets.

Trade active:

Target 1 of 1548 Satoshis hit.

Trade active:

Move up SL securing gains so far - just under Support of 1548 - 1525 recommended. Next target - 1750-1776

Trade active:

Target 2 of 1776 Sat hit.

Trade closed: target reached:

ADA closed long with nice gains. The chart below has plotted a SELL trigger and potential levels down as momentum has decreased significantly. The levels are for reference only and the price could bounce at any level. But I'm out for now.

Trade active:

Re-entered trade as Daily broke resistance of 1769 and 4hr opened above 1769. Next stop - 2060

Comment:

My newly published script 'Levels Generator with Fibs' plots automatic levels based on any timeframe. Based on the daily levels, candle open above the strong resistance levels (Thick lines) confirms trade opportunity in the new zone. ADA price action followed those levels seamlessly as highlighted in the chart below using the script.