Yuriy_Bishko

ADA/USDT and ADA/BTC - what's going to happen now 😱❓

Long
Yuriy_Bishko Updated   
BINANCE:ADAUSDT   Cardano / TetherUS
From all indications, this is not the best time to buy altcoins, every rise is met with resistance and at every high, there is a lot of volume, which signals the big players are closing their positions.
But at the same time, ada/usdt and ada/btc have a completely opposite pictures on the charts.

The ADA/USDT chart on the technical analysis side says that there will be a fall, as every attempt to break the trend line and start rising ends up being a bull trap. Now the price approaches the support line and starts squeezing, this is a signal for a breakdown.

There is a falling wedge on the ADA/USDT, which is a bullish pattern, plus the price is pushing up against the upper boundary and getting ready to break through it. This is a good signal for growth.

It will be interesting to see how the price behaves now

Write in the comments all your questions and instruments analysis of which you want to see.

Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.

P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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