TradingView
PacMan1337
May 20, 2021 8:23 PM

Breakout to the upside coming soon for $ADA Long

Cardano / United States DollarCoinbase

Description

So from looking at the 15min chart ADA is looking at a breakout to the upside most likely soon. So if you are waiting to buy I think now would be a great time but I understand if you are waiting for a confirmation but from the dump on the last 2 days of hell and from previous chart pattern history I would like to safely say I think a breakout to the upside is coming up soon.

This is not financial advice only my humble opinion from years of trading, DYOR before investing into any cryptocurrencies of any nature!
If you like my TA then drop a like / follow and stay tuned for future analysis!!


As always,

Happy Trading Traders & NEVER Trade Leverage!!


Comments
Hansdolo83
id wait for macd and rsi on the daily to switch up before entering a long swing...maybe back down to 1$??
PacMan1337
Just HDLE looks like whales are trying to shake out the newbs before a breakout to the upside takes place. Just another day in crypto.
hotFlamingo33287
3 bucks soon
dominikboltnar
How high do you think it will go?
PacMan1337
@dominikboltnar, Most likely in the (Long-Term) scheme of things it will probably get to the recent (ATH) and do one or two things it will either get rejected and then do a 30 - 50% pull back (short) or in the best case scenario it will blow through the recent (ATH) and will then push up into (price discovery) and at that point it could go anywhere because there is no resistance for it to get rejected. I'll give a conservative guess and say it will get rejected around $3.00
dominikboltnar
@CryptoN3RD420, When you say long term and when it would reach the $2 again is that like day, weeks, months, years?
Sp1d3r3
@dominikboltnar Could be in 20 minutes, could be never. Welcome to crypto.
More