Title says it.
50DMA is falling and if this long term support is going to hold it will cause some kind of compressive structure which of course could break also to the downside but I think considering that this support level has held so many times and ADA has threatened a few times now to the upside with HTF bullish divergence and various reasons stated on previous threads that it will break the 50DMA to the upside and if it does expect fireworks. I may add to my position if it happens.
BTC will also need to bounce not crumble - see my BTC threads for details.
Not advice.
50DMA is falling and if this long term support is going to hold it will cause some kind of compressive structure which of course could break also to the downside but I think considering that this support level has held so many times and ADA has threatened a few times now to the upside with HTF bullish divergence and various reasons stated on previous threads that it will break the 50DMA to the upside and if it does expect fireworks. I may add to my position if it happens.
BTC will also need to bounce not crumble - see my BTC threads for details.
Not advice.
Comment:
I have exited ADA. I updated ADA corrections to my BTC thread here. Anyone following should check my BTC threads if interested in ALTS
I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.
$50 per month 👍🏻.
Contact: t.me/dRends35
