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DefiBureau
Jul 3, 2020 4:47 AM

ADA running HOT! Long

Cardano / TetherKuCoin

Description

Going long, selling at resistance then buying the pull back
Cardano is eyeing the top 5 ranking in crypto!! Incredible gains ahead
Expecting the bulls to stay in charge throughout July as we get closer to the "full" release of Shelley
Fundamentals might leave (charting/analysis) in the dust because of the hype around this project but for now sticking to logic and the RSI
Current RSI: 65
New support 0.09
New resistance 0.103
TP 0.10
Keep it simple, Stay profitable

Like & Comment
Thanks, happy trading
KUCOIN:ADAUSDT

Trade closed: target reached

TP reached faster than expected, great profit.
Hit my resistance and pulled back

Trade active

First impulse wave complete, 1&2
Now for wave 3&4
Going long
Place your stop loss below .0955

Trade closed manually

This is not inancial advice, only for educational purposes.
Comments
DefiBureau
How bullish are you guys on Cardano??
1$ ADA in 2021??
saynab44
I didn't take profits at 0,1034 levels, now it's down. Shall I take the profits now or wait? Thanks
DefiBureau
Has ADA completed its first impulse wave?
I believe so, start to look for pressure at .0989 if we break through this will be the 3 Elliott wave.
TP .104
Saes190197
Nice chart

I am pretty bullish on ADA. You think we are heading to the next resistance, 0.1, without another pullback?
DefiBureau
@Saes190197, yes sir absolutely. There is a chance that could happen before. 01 but I believe with this bull market just starting we will hold the .09 support! I'm super bullish on ada as well
Saes190197
@DefiBureau, thank you for the great answer. Got my profit. Waiting for your next analysis sir.
DefiBureau
@Saes190197, Easy profit, TP was reached, hit the resistance pulled back.
New chart will be up soon
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