sevelirette

ADA update *BTC nightly drop*

Long
BINANCE:ADAUSDT   Cardano / TetherUS
I am quite surprised at the strength ADA held up with bitcoin's most recent drop. Cardano held above the fib support...for now. Also, Cardano is back to recent levels on RSI, Moving avg and volume before the first break out. I look at this as Cardano positioning itself on a springboard. Which would result in a huge rally again. This can also go the other way if bitcoin breaks down. I would def have a stop at that fib support line. Should minimize a lot of risks in my opinion.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.