DMG_Intelligence
Long

ADA - Don't miss this beautiful trade

BINANCE:ADABTC   Cardano / Bitcoin
ADABTC is looking good and it wants to get through that strong weekly level. As you can see price tested that red line too many times for the past 4 months.

Simple rule: the more we test it, the weaker it become.

So now that we have a nice green candle, we want price to close above the weekly and we will simply wait for the price to retrace and take a long at the weekly level which is at 535 (conservative approach).

If you are an aggressive trader, you can long now and sell at 600.

Don't miss this one, it's a high probability trade.

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Thank you!

Comments

It's a nice set up, Daily rejections, would have to wait for this weeks candle to close above resistance to be confirmed.
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@livmac7, Yes, that's the conservative approach that I will be taking! Although if you are an aggressive trader you can take this trade because it's showing strength. Look at this hidden bullish divergence

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