BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
Hi Guys,
I here again with Alt that i really love it in person,For those who don't know me,i never believe in some asset or stock in my work and see them in Analyst point of view but in ADA and ETH things become little different,i participate in them from first days and somehow see them totally more useful than BTC (if i see btc useful at all,lol).So let's look at ADA chart.
As you remember BTC ruined my last ADA analyse with many bullish signs that i found there and again it's possible that BTC ruin this too.
First we have much similar signs in ADA and ETH but as you can see in chart unfortunately BTC pushed ADA lower than its last low but not too much and actually can see it as a double bottom with 18th of March lows and it's a good sign really.
As you can see in chart we formed a bullish wedge from our last high just like bullish wedge that we formed in JAN,FEB,MAR from ADA All Time high.
We had a huge triangle in ADA too and we dropped out of it more than a week ago and it will be a huge resistance in ADA (Black Dashed line)way up and after that we have upper line of that triangle in Red Dashed line.You can see another red dash line in chart that i need to be more sure about it but it's another bullish wedge that show us future way of ADA if it drop after reach to upper Red Dash line.
Also we have a bullish crossover in MACD D time frame and a bullish reversal sign in RSI .
Again please be careful, BTC can ruin this analyse again.Thanks all of you for reading my posts and please like it if you like and leave a comment for me to know better what you think about this analyse or ADA .
Comment: Congrats,This trade is in profit now.15% in Binance .Don't to move your stops higher around 0.14250.We are in important area and need to break that black dotted line too.
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