ADA Cardano - If BTC & Support Hold = Big Upside
Updated
Entered Long:
Cardano / BTC
ADABTC
Cardano broke through resistance yesterday. The ability to hold that line seems highly dependent on BTC maintaining ~8700 - 8800. If it holds, I'm looking to exit at next fib resistance.
Ichimoku T-K Cross bullish on shorter time-frames. Incoming bullish cross on the 4-hour. MACD looking good. Stops Loss set. Optimistic on this one.
Cardano / BTC
ADABTC
Cardano broke through resistance yesterday. The ability to hold that line seems highly dependent on BTC maintaining ~8700 - 8800. If it holds, I'm looking to exit at next fib resistance.
Ichimoku T-K Cross bullish on shorter time-frames. Incoming bullish cross on the 4-hour. MACD looking good. Stops Loss set. Optimistic on this one.
Note
UPDATE: BTC is wild and ADA is reacting (obv). My short-term plan changes if BTC breaks support at $8200. If or until then, I am adding to this ADA position, bringing down average. Must say, I have a bit to lose if this thing gets ugly.Don't think ADA drops below 2000 for more than a moment. If it does, I'll assume BTC is below $8200. If BTC is above that point and we see sub 2000, need to consider exit.
No advise here, just info. Feedback, critique, comments welcome.
Good luck to all (nocoiners excepted).
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