Support from 2017 will assist a breakout to the upside of falling wedge. LONG on breakout confirmation.
The 200 dma will align with some resistance levels, Take profit off the table at 1st target & re-assess.
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...
Bitcoin has shown a drop of near 9% even with the bullish Fundamental news. However, it has been making lower highs since July end.
This seems to pump a few altcoins especially those on Bitmex.
Cardano is making lower highs, so there is a high probability it can get rejected after 549-550 Sats which is also a strong resistance.
If it successfully breaks it out...
So entry on this trade was posted roughly 60 hours ago.
I’d recommend closing this trade & exiting by end of today — if you do choose to hang on longer, be weary as BTCUSD starts to pick up traction — alts will lose theirs.
TP3: 571s (SHORT)
Stop @ 479s
Trade safely! Use your head and not your gut! Follow the money by following...
2/up more than 22% since reaching 396 sat
3/ healthy volume
4/ respecting so far support
expecting to test next support line 521 sat
also we need BTC stable with no big pump or dump
Our strategy has signalled a long position here, with a strike rate of 42%+ and a fantastic risk/reward ratio offered (usually around the 4 mark) on most trades, we can't pass up the chance.
Buy and hold return of ADA/BTC over the last year = -93%
Net profit of strategy of ADA/BTC over the last year = +85%
Our strategy features tons of technical...
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...
Finally I told you in last analysis about #ADABTC and now boom and 10% up.
Broke out inverse head & shoulder neck.
My Target is given in chart.
697 satoshi and 767 satoshi my next Targets
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