We expect this level to hold the bears if this support breaks a lot more pain will come but we are in the RSI soldout area and good support area as well so we will see a move up and then the market will decide...
Let's go right on it, do you even look at the ADABTC? let me tell you... it's very very important, more important than USDT peer and right now ADA is not looking bad! it's holding really good right now. price made a new low yes but not the BTC peer and that's the point! ADABTC is above 0.00002000 BTC right now.
and BTC is not going down with this war...
This time is different don't lose this opportunity to buy Cardano for under 1$, just look at the chart, the new Hard Fork is a Game Changer and it's coming so close! remember this chart, 4/25/2022 This day I published this idea.
If the white box can hold BTC will rise to the upper box if not will crush to the yellow uptrend around 37K, watch the market closely if you have open trades, if BTC goes below the white box things for altcoins will get bloody very quickly.
In this chart, you can see where to look for Support and Resistance, it's a Daily view so I can open longs and shorts with good RR postions.
Right now I believe we are bullish in 1H view as a retracement of the previous BTC sharp downward move, if it breaks my bullish daily trend line I will close all my positions and will wait until I get a clear view of the market.
Easy setup, my bet is on altcoins, and I'm going to add some ADA to my staking portfolio after BTC retest... I think ADA will go down a bit because ADA is in a bad way BTC pair view and can go down to even 1.05 and then start its next move, so watch out people!!
Well we are in a very long down-trend as you know and we had some fake breaks which you also know but the question is what will happen next?
there was a lot of good news for Cardano lately but we can't see any powerful move from it on the chart...
the BTC pear does not look very well, with BTC going up Cardano also goes up but the problem starts when ADABTC and...
Analysis was very easy for me with this view so I decided to share this with you dear users, hope you find use in it, and also I think this is BTC way to 60K, if you like this analysis give me a like it gives me the energy to keep putting my analysis on trading view.