mablack15

ADA - Time to Accumulate

Long
BINANCE:ADABTC   Cardano / Bitcoin
After a major Bitcoin climb ADA has seen a decent pullback, like most of the altcoin market. It is now time to take advantage of the opportunity and accumulate some cheap ADA. So let's take a look: Right now on the hour we are looking slightly bearish , so I think we can get a lower entry and I am aiming for 1,400-1,480 sats . The 4H looks like it is about to flip bullish so we can potentially see some good movement within the next day or two. Take a look at the bullish crossover about to form on the MACD . The AO is also on it's last red leg it seems, which is a good sign of reversal in the trend. Using fib levels from the 1D chart to find some targets.

Entries: 1,400-1,480 sats
Stop Loss: 1,370 sats (right below the daily close)
Targets: 1,600 - 1,800 - 2,000 sats
Comment: Not to mention Native Tokens release Feb 22nd, Smart Contracts Q2. This fundamental news will help out
Comment: We are entering the accumulation zone, time to start buying!
Trade closed: target reached: ADA/BTC hit 1,900 sats, which is half way between target 2 and target 3. I will be taking profit here with a nice 31% gain. Hope you all were able to get into this play - I'll be keeping my eyes out for more trades today 💰
Comment: Join our cryptocurrency discord for frequent updates and cryptocurrency trades https://cosmo-bot.com/

Comments

Cracking Idea 👌
+1 Reply
mablack15 prinsjmtbsa
@prinsjmtbsa, Thanks, hope you were able to hop into this trade
Reply
Sounds good! I was also looking at a lower entry. Thanks for sharing.
+1 Reply
@Duutt, no problem! I just got in at 1,450 sats. I wish you luck!
+1 Reply
Profesional work, I real like it
+1 Reply
mablack15 Dave-FX-Hunter
@Dave-FX-Hunter, I appreciate it boss, thanks for the support! Threw a follow
Reply
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