I know that we are tired of waiting the insane long signal on Bitcoin, that’s why I decided to find another one coin which have the potential of immediate reversal. It’s the Cardano (ADA).
Let’s take a look at the 1D timeframe of ADAUSDT. It has the textbook Wyckoff accumulation schematic. Now the price is in the most valuable place – spring, the fake breakdown of the trading range on the decreasing volume. I consider 90% probability that ADA can find it’s bottom today or next couple of days. Moreover this coin is about to flash the insane long, on the 1D timeframe it’s the strongest signal. My plan is following: to wait for the first increasing bar on the MACD histogram and open long trade with the stop-loss below the low.
Guys, you know me as a Bitcoin trader, but I decided to select altcoins which are very close to it’s bottom. Please let me know in comments if you are interested in my review of such coins.
0.4 is very strong resistance for Cardano. A break above should be sustained by all crypto market and this looks pretty heavy at this moment
happyAnalyst11227
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Hi Ivan, thank you for sharing. How do you think if BTC drops down will ADA follow it even through possible rise in the nearest days? I think you idea about alts is great. Personally for me it would be perfect if you share your ideas about the alts that are going to grow in the nearest future.
Skyrex
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@happyAnalyst11227 thank you 😊 I think Ada can be stronger than BTC in the nearest future. Btc can set lower low, at the same time Ada can stay at one price. I have XLM as an example. Last couple of months it is staying at the same level while btc is dumping
happyAnalyst11227
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@SkyrexTrading, thank you. Cheers
SwallowPremium
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It can give us a good profit once the trade activates!!!
Skyrex
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@SwallowPremium yep I hope we will see the confirmation today.
laoise35
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I've been looking on YouTube trying to find someone else who thinks that Ada could be forming a spring on the Daily..... Hope so! I already bought, prematurely I know, just hoping that each new 4hr candle keeps confirming my bias. I don't know where to put my stop loss though.... Any suggestion will be helpful. Thanks!
#Crypto #Predictions