BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
We see that on a 4h timeframe, ADA is about to form double top pattern after which we'll be looking at support levels $0.20 - $0.24 to buy again.

If my other 2 ideas play out as I think they most likely will:

Unsustainable 500 Billion Growth in Only 2 Weeks -
Sunday BTCUSD Correction -
We're about to see some nice correction which was waited for before ETH and Alts really take off.

Not a trading advice. Do your own research.

Comments

wow good call! when will be a good spot to accumulate?
Reply
RPubens lyang415
@lyang415, If the downward pressure continues, I'd start buying at 0.25 levels. If it goes below then I would again buy until 0.2.

If it goes below, it would invalidate the short term trade but I think ADAUSD still going to be profitable in the mid-long term.
Reply
Could just as easily form a cup and handle continuation. Only time will tell, though markets and sentiment are very bullish. Especially with Cardano..
Reply
RPubens Universal_Trends
@Universal_Trends, of course. The chart is based on my other 2 ideas as stated above. BTC and Total Market Cap could use a decent correction and accumulation before really taking off. As you said, time will tell.
+1 Reply
HHSPN RPubens
@RPubens, btc is slightly lower. You still see 20-24 in ada? thanks.
Reply
RPubens HHSPN
@HHSPN, It can jump of 0.25. There's some support there.

0.20 - 0.24 would be perfect to accumulate a bit more.
Reply
HHSPN RPubens
@RPubens, Thanks.
Reply
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