UPDATE: ADA BTC UP 253% after bull signal - What Next?
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UPDATE: The price jumped 253+% after the bullish Supertrend Ninja signal in Jan 2021. And 125% in April 2021. The Supertrend Ninja also predicted some heavy drops with the latest being in Sept.
The price is ranging, which is visible from the sideways movement. RSI is in a range as well. Although ADA got a bullish signal from my indicator Supertrend Ninja. Right now the price is in the middle of two grey blocks. Supports and Resistances are highlighted as grey blocks. Next support around 2500 sats. Next resistance around 3250 sats. Price is still on the negative side of the Ichimoku. Break down here, we will go to 1900 sats.
Profits can be taken at each grey block. Supports and resistances are drawn using the indicator 'Yo Show Me Some Support - and Resistances'. Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
UPDATE: The price jumped 253+% after the bullish Supertrend Ninja signal in Jan 2021. And 125% in April 2021. The Supertrend Ninja also predicted some heavy drops with the latest being in Sept.
The price is ranging, which is visible from the sideways movement. RSI is in a range as well. Although ADA got a bullish signal from my indicator Supertrend Ninja. Right now the price is in the middle of two grey blocks. Supports and Resistances are highlighted as grey blocks. Next support around 2500 sats. Next resistance around 3250 sats. Price is still on the negative side of the Ichimoku. Break down here, we will go to 1900 sats.
Profits can be taken at each grey block. Supports and resistances are drawn using the indicator 'Yo Show Me Some Support - and Resistances'. Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my Supertrend Ninja indicator, which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script Trailing Stoploss Bottom Activation indicator, visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my Heikin Ashi Trailing Stoploss Activation, the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
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Tradingview is the only channel I use.