ADA/BTC Cardano is begging you to BUY
Updated
I believe ADA/BTC looks extremely attractive right now. I recently posted about ADA/ETH and while it is up slightly, ETH is way too bullish right now for Cardano to make a strong relative move.
In our first bull move (#1), we appreciated 33% and retraced to the 0.5 line.
Bull move #2: 19% appreciation, retrace to the 0.382 line.
Bull move #3: 11% appreciation
I believe the compression of these rises bodes very well for ADA/BTC and meanwhile, we have cupping action that makes me more confident in the bullish support. Strong resistance around 0.00003170 has been tested and few times and the sellers should be nearly washed out by now. I expect a break of this line and a sharp rise to at least 0.00003465.
Even if we break below the lower trendline, I will not be concerned. If we break below the previous structure low at roughly 0.00002870, I will begin to reconsider.
TP1: 0.00003465 (+12%)
TP1: 0.00003547 (+15%)
- Sultan of Chart
Published trade stats:
Wins: 2
Average gain: 8.5%
Losses: 0
Pending: 3 (including this idea)
In our first bull move (#1), we appreciated 33% and retraced to the 0.5 line.
Bull move #2: 19% appreciation, retrace to the 0.382 line.
Bull move #3: 11% appreciation
I believe the compression of these rises bodes very well for ADA/BTC and meanwhile, we have cupping action that makes me more confident in the bullish support. Strong resistance around 0.00003170 has been tested and few times and the sellers should be nearly washed out by now. I expect a break of this line and a sharp rise to at least 0.00003465.
Even if we break below the lower trendline, I will not be concerned. If we break below the previous structure low at roughly 0.00002870, I will begin to reconsider.
TP1: 0.00003465 (+12%)
TP1: 0.00003547 (+15%)
- Sultan of Chart
Published trade stats:
Wins: 2
Average gain: 8.5%
Losses: 0
Pending: 3 (including this idea)
Trade closed: target reached
That was quick. Trade closed. Limit sells reached +12% and +15%I will be holding some for further upside. ADA looks very strong right now
Never let the fear of striking out get in your way.
- Sultan of Chart
- Sultan of Chart
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