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ADA/M20 4H Ichimoku and RSI Divergence trade possibilityADA/M20 did a retracement down, as I mentioned in my last published Idea which is linked below, and went through my take profit 1 on that idea but now found support on the Fib Support 1.
It also has a bullish divergence on the RSI marked with the two purple squares. And marked in the green circle is a potential break of the Tenkan ( Yellow Line ) up through the Kijun ( Dark Blue Line ) which points to a bullish momentum being on the horizon.
If we consider as well the twist in the cloud just a couple candles away and the relatively thin thickness of the cloud above present price action, resistance at that level seems weak.
If it starts moving up I would expect a test of the pivot at TP1 and maybe Fib Resistance 1 at TP2.
Be careful leverage trading is risky so manage your position sizing accordingly!
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ADA Cardano BTC 1 W chart- the beginning of a new upward movemenADA - Cardano BTC 1 W
Ranked 12th with a capitalization of 1.3 billion.
Maximum Cost (High)
0.00008788
Lowest cost (low)
0.00000396
Current value 0.00000566
Of its maximum values at the current value of the fall is 93.3%
This altcoin is interesting for purchases and holding in the portfolio of both an investor and a trader.
There is good potential in the ratio of risk and profit.
I also look at the large accumulation of volumes that took place over 168 days, which may signal that at this level someone is buying and not allowing the price to fall below their minimum values, which is 400 satoshis.
Exit from it also happened on a pulse.
And the price is above 530 which is also good for continuing the upward movement.
To start a new strong upward movement, the price needs to go through and gain a foothold above 960 satoshis, which will allow us to see the following goals, and this:
-0.00001200
-0.00001465
-0.00001760
Where we have a local high, and the second is very resistance.
Interesting prices to enter the purchase:
0.00000560 - 505
Fixing on 4 take (25%)
0.00000690
0.00000910
0.00001230
0.00001455
Stoploss - 0.00000400
The relations p \ n = 2.6
Upon reaching the first goal - stop in b \ y
This is just my opinion, and is not a call to action)
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