BINANCE:ADABTC   Cardano / Bitcoin
ADA BTC now is situated into a rising wedge which means the price are make higher highs and higher lows in the final will be a nice breakdown
Stoch is overbought and also bear cross it s confirmed
Volume going down which is a bearish sign also
RSI below neutral zone
Target of this rising wedge is 905 sats (final target) which means -8.94% from the current price
This is only informative,it s pretty complicated now to make predictions for altcoins because all depend in BTC movements which is near a strong EMA cross at 1MONTH.
It s pure informative once again.that is my vision for ada
Trade active: Wedge was broked!!
First target achieved
Trade active: Second target achieved
Trade closed: target reached: ALL targets hitted
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What growth goals do you see? and why ADA sags more than others? thaks
Reply
@Elenab, Check this analysis from October.it s still active.Every strong coin will re-test 0.618 fib resistance which in ADA case it s around 5700 satoshi.(yes yes,minim target for me to long term) and no..i m not a moonboy.

A very important role was shelley which means descentralization and staking oportunity,this fails,will be delayed and in my opinion it s the first reason why ada dropped too much.At this time it s in early stage and you can t build dApps in Cardano(NO USECASE AT THE MOMENT!)
This usecase will appear after Goegun mainnet launch around first half of 2019.

ADA is my bet for long term
Reply
Can Ada retrace from this level or w8 for 850
+1 Reply
@prada007, Can ada retrace for here

If you haven t ada at the moment,915 sats it s still a good buy,but in binance/bittrex not mex.
If and when will go below 850,buy once again,610-740 will be the bottom.
Reply
What next ? Buy ? My position at 908
+1 Reply
@prada007, 850 is a strong support :-) but BTC will make EMA cross at 1 month which means will breakdown hard..i don t think ADA will remain above 850 sats.
610-740 best buy for ADA
Play only in binance/bittrex because we are in capitulization phase.
Check my last BTC/USD analysis will help you to understand why ada and other cryptos will tanking hard
Reply
Your good
Reply
@prada007, Thank you
Reply
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