Our updated chart on ADA .
At this moment i am still short on BTC but I will start hedging gradually by buying some Cardano.
Take a look at the chart, not much to explain as my levels are linear,.
PS. CAN IT DROP MORE? YES..IT CAN!!!
Matic H4 Chart.
Lets see if Support price 1.37 will hold.
As the price is Rising we can go for a Long Position with target at Resistance above.
Set Stop loss at Support ,
This trade has a nice profit ratio
If price passes lower support than this trade is deactivated.
Stay with the market, lets see what happens
Since the last review, the ADA has rolled back from the resistance zone and continues to decline at the moment. However, the coin looks very strong on the market even on the fall, unlike its alto counterparts.
On the one hand, a triangle is formed and it makes sense to focus on support price points. On the other hand, the coin may fall below one dollar, so...
Yesterday prices fell a bit farther than expected, down to 1.37 rather than 1.42. Since then prices have returned to 1.42.
The day is starting with a bit of a rebound, but this will need to translate into a rally that will take prices towards 1.50 or above. Despite yesterday's drop, the 2D and 3D continue to show the potential for a reversal and...
SIGNAL1: 23.7% PROFIT
SIGNAL2: 15.5 PROFIT
SIGNAL3: 11.8 PROFIT
SIGNAL4: STOP REACHED
SIGNAL5: 15% PROFIT
SIGNAL6: 17.7% PROFIT
SIGNAL7: 3% SL
SIGNAL8: 11.4% PROFIT
SIGNAL9: 7.6% PROFIT
For taking long, wait for breaking the resistance
For taking short, wait for breaking the support
ATTENTION!!! DON' TAKE ANY POSITIONS BEFORE THE MOVEMENT OF...
After failed to break the resistance more than 4 times. dropped to the bottom of the ascending channel and need the correction for become to bull again, EMA 200 worked well until now as support but in order to the BTC, I expect ADA going to touch the support and pump again to the top of the channel.
Utilizing the Fib Ret along with the trending line you see we just touched the trending line which indicates we may see a nice push towards the $1.53 resistance.
I do believe we may break the resistance & have a pretty solid day above $1.50! If we hit the resistance we may have a slight dip to retest the trend line then be back on our way up. If we do dip below...