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
Entries: 1,400-1,480 sats
Stop Loss: 1,370 sats (right below the daily close)
Targets: 1,600 - 1,800 - 2,000 sats
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Not to mention Native Tokens release Feb 22nd, Smart Contracts Q2. This fundamental news will help out
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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 💰
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