While cryptocurrencies have been in a downward trend. This is probably safest bet vs BTC for a long trade. Both daily and WEEKLY(very important) is on a 9 at the sequencial. Daily rsi just crossed 30 mark. Meaning sellers are probably exhausted. I have been waiting for an entry on ADA I drew the green box months ago. Looks like it has finally get there.
I'm going long with leverage.
Analysing bitcoins movement vs USD is very difficult. Yet understanding alts movement vs btc is much more simple in my opinion. I don't know if this is the true bottom for ADA. I do know however that we are due for a bounce (+%20 at least) and it will happen very very soon.
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Lets do this
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So far so fucking good, we got the +%20 as promised :) I took %50 profit here. Will add it back once we have a small correction. I will not take full profits on this trade until we go 2x...
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I'm still bullish but this is a resonable view:
Therefore I'm taking full profit here and will either wait for a cheper price to enter: 0.00011ish or that wedge needs to be broken first
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A lot depends on btc movement also. All alts are risky due to this. Here is what will happen: If btc stays sideways at 6600-6800 area alts will rise. If btc breaks above alts will stay sideways and blead a bit. If btc fails however. It will probably drop hard and will hurt alts even more. Therefore it is a bit risky for me.
we had a decent gain today! I personally like ada what about you?
cankarako
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@protonmaill, Ada had an amazing run up. It had so much hype. It has a great story. It is due for a comeback! Yeah looking at this chart Ada is my favorite right now :)