The priceline of Cardano / Bitcoin cryptocurrency has touched the 0.00000570 sats support which is not broken since Dec 2017.
After hitting at support the MACD is turning bullish.
The RSI is oversold and moving up.
Sofar since 2017 the price action is making lower highs therefore I have taken the Fibonacci projection of last high and lowest point and set the sell...
Well... Here we go...
Alt-coins are looking primed for a rise but this could easily reject if Bitcoin goes up again.
So always trade with a stoploss and this is not financial advise. A number of coins are looking like this when you open the chart.
Just need that Bitcoin Dominance to come down...
Okay i know I've been harsh on ADA the last few days.
Let's look at the positives:
- Falling Wedge pattern (bullish)
- Bullish Divergence
- MACD close to flipping green
- Sell volume decreasing
- Approaching big historical supports
- Slow bleed from 9000 sat ATH to 600 sats
580 sat zone is ideal entry to go long. Can scale in from now though if you'd like.
Just simply supply and demand. Be water my friend. Don't be a Retail Trader.
My Personal Perception.
Trade on Your Own Risk.
Have a nice day! :) Leave your comment below> I am open for any discussions :) <3
This is retrospective and I apologize have been busy in my day to day but want to start sharing more thoughts here.
We had a beautiful 4 hr long sqz that is now playing the same on the daily.
Accumulation in the red box *Do not enter here*
. Cardano/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. The RSI downtrend and the price downtrend in...
ADA starts to look really juicy. The BTC is in sideway mode and that's what the alts need so much.
We can see in chart a double bottom with higher low which might be the end of wave 2 of the bigger degree.
So, we may count that the greater move of the wave 3 is ahead of us. This wave will consist of the waves of lesser degree.
I am pointing out the red zones that...
ADA is having good conditions to increase strongly in the coming time, but it's not yet a good buyzone to hold long-term
If you don't have ADA, you can buy it at 1000sts or 0.067$ and target can reach 20-30% profit at 1450sts or 0.1$
Stoploss if price is lower than 930$ or 0.059$
ADA saw a sharp bounce from support zone at 969 sats (weekly bullish orderblock).
As price action develops, it will be an easy ride up to 1358 sats.
- Support: 1002 and 1060 sats
- Target 1: 1358 sats
- Target 2: 1883 sats
Stop loss below 969 sats.
Keep it simple, cheers!
Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates potential support/resistance .
Red line indicates t/p.
This is a log chart.
This chart is made using fib channels.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
If you enjoy my ideas...