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aoeuaoeu
Mar 18, 2018 3:35 AM

ADA Extremely Oversold Long

Cardano / BitcoinBittrex

Description

Cardano has reached under 15 RSI on the 4hr! The price went down too quickly too, so it likely see a bounce before continuing its downtrend (if it even does). Also, Cardano is forming a falling wedge and showing bullish divergence on the MACD.
Bitcoin right now is looking like it may be the bottom, and if Bitcoin bounces so will the alts.
Comments
CryptoJulio
the MACD divergence is crazy ! Maybe a good entry point for a quick trade ? For long entry I'm not sur sure, bitcoin is not ready do moon anytime soon...
aoeuaoeu
@CryptoJulio, yeah, seems like it
zobitore12kote
@CryptoJulio, That was a nice %4 profit trade. Now journey to dip continues...
CryptoJulio
Do you think the downtrend will continue ?
I miss the trade opportunity, there was a 15% profit to do on ADA/USDT... :(
zobitore12kote
@CryptoJulio, Most altcoin chart is almost a duplicate of BTCUSD right now. If BTC dips tonight, one more opportunity to flip ADA may arise. :)
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