VaidoVeek

CARDANO (ADA/USD) - Breakout From The Triangle

BITTREX:ADAUSDT   Cardano / Tether
Hey!

The cleanest way to the higher levels is on the ADA chart.
It has made a breakout from the triangle and it has slowly drifted above the EMA100 on the Daily chart .

A perfect spot to jump in would be the retest area but You have to look at BTC chart also:

...if the BTC price falls lower than the black trendline (counter trendline ) and it falls into the red area then this idea is also invalid!


Do not forget to support my idea post by hitting the "LIKE button!
Thank You!

Have a nice day,
Cheers!


*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Comment: Looks like it is ready to go higher levels, now we need a confirmation from BTC, it has to break above those patterns what I mentioned in my BTC analysis update section.
So far it looks great!
Comment: ADA approaching the first target area:
Trade closed: target reached: +22% profit, very nice and clean trade!
I have to agree, however, as you oint out, if BTC doesn't play along I'm not certain we will make this move yet which is the only thing making me hesitant to rush into this trade- certainly don't want to buy in at the end of a 5th wave- thanks for sharing bud.
+1 Reply
You are right, but if you look at Cardano/USD on any exchange (the true tell of a breakout), you'll see that it is actually still contained within the trend pattern. But it will be soon, I just think we will correct one more time before this occurs- just wanted to share. take care.
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VaidoVeek jeremy.jacques79
@jeremy.jacques79, thank You very much for the information!
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@VaidoVeek, :-), all the best
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