This is a follow up to my previous post. In my opinion, it might be a good thought to put your ETH buying power to work in Cardano (ADA)
As you can see indicators are oversold possibly due for a reversal. Meaning Cardano might just increase your ETH you have now. Just about every time these level are reached, a possible reversal is a high probability.
Price action suppressed relative to slow and fast line for ichimoku
Yes this is a weekly so find your entry on daily/4hr as to your trading style
Can price action be suppressed even more? Sure...
Stoch beginning to reveal consolidation
MACD confirmed downtrend last week candle (so why no T/K cross over yet???)
Price action indicative strong support zone...
Reason for ADA Analysis (Mid Term View):
- Market price starting to look more optimistic and trading uptrend in D1
- Price tested support level zone 2 times during its consolidation from 29 Nov19 to 14Jan20 before rallying up
- Price may potentially be testing the support level for the 3rd time and would usually rally up if price respect the support...
You want to accumulate more ETHEREUM?
Just enter into this ADA trade,get some ADA and after golden cross you can change some ADA for ETH to accumulate more ETHEREUM .
ADA also will get the span support from ichi at 3 weeks after 30 december(3 weeks candle close ).
-RSI still in bullish zone(Above 50)
-MACD green still in positive zone
Good day traders
We got a BUY signal on ADAETH from SwingBot
Trade Risk: High
EMAs : Acting as resistance
Stoch RSI: Oversold and crossed up
BuyZone, Possible targets and Stop loss are indicated on the chart
Cardano is probably going to retrace after the increased price action we saw yesterday so be sure to ladder your buy between 0.00024 -...
We got a LONG signal on ADAETH from SwingBot, but note this is a risky trade
Possible targets and stop loss are indicated on the chart
Check out how to use my trade signals in the link below
If you are interested in using SwingBot to create your own signals, send me a message for a free trial
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