botje11

ADA seems to break out from the bottom formation

Long
botje11 Updated   
BINANCE:ADAUSD   Cardano
Blue zone looks like a good entry, green zone is mid-term support. Red zone looks like a good stop for a day trade and the green for a swing trade
Comment:
Volume is good, moving higher with sideways Bitcoin, big chance it will make a strong rally if bitcoin breaks the 6800, assuming the bears won't smash bitcoin down 200 points again in 10 seconds
www.tradingview.com/chart/gOC0NfXg/
Comment:
ADA is falling behing a little bit, not a big problem but not what were used to of it. Also against a heavy resistance now, if they can break it we can see a big rally. Needs to stay Above those green levels

Comment:
Small H&S in the making here, read my bitcoin analysis for more info. Gave a warning about everything, this confirms it a bit. Just be prepared


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