ADA to RISE - The rocket is turning it's engines on!
ADA /BTC is at a key area right now. With all the positive news coming from CARDANO recently and the success of Haskell Testnet so far; things look very promising for the future and the rest of this year!
Plus, BTC failed to hold above the 10K resistance again. So we could easily see some profit-taking from BTC over the next few days.
We are looking for ADA to bounce off this lower trendline, push and then close above the upper trend line on the Daily time frame. This could then very well mean the bottom has been; and we will start to rise up never to return :P
A strong close on the Daily below the bottom trend line means we have been unsuccessful this time.
Overall the risk-reward looks good here.
Play it safe, don't over leverage and use a stop loss.
Plus, BTC failed to hold above the 10K resistance again. So we could easily see some profit-taking from BTC over the next few days.
We are looking for ADA to bounce off this lower trendline, push and then close above the upper trend line on the Daily time frame. This could then very well mean the bottom has been; and we will start to rise up never to return :P
A strong close on the Daily below the bottom trend line means we have been unsuccessful this time.
Overall the risk-reward looks good here.
Play it safe, don't over leverage and use a stop loss.
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