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ADA BTC Trading Idea
Cardano / Bitcoin
ADA BTC Trading Idea
By DeanKueh
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Updated
Jul 16, 2018
3
Jul 2, 2018
It seems that ADA/BTC has finally reached a bottom.
From the chart we can see a clear reversal trend indicated by the 'hammer' candle.
By applying Fibonacci extensions, the targets for this trade are:
1) 2563 Sats
2) 2958 Sats
3) 3280 Sats
4) 3994 Sats
5) 4543 Sats
This is just my opinion and not a trading advise.
Jul 16, 2018
Comment
[img]
[/img]
Bullish pennant forming in the daily chart
Jul 18, 2018
Comment
1) 2563 Sats (Target Reached 18/07/2018)
2) 2958 Sats
3) 3280 Sats
4) 3994 Sats
5) 4543 Sats
Jul 19, 2018
Comment
[img]
[/img]
Slight pull back to 0.382 Fib (2351 Sats) before we move on to second target.
Jul 24, 2018
Comment
Correction until 28th July
Upward movement projetected to continue after that.
Broadening ascending wedge
[img]https://preview.ibb.co/hKO3UT/adabtc.png[/img]
Aug 16, 2018
Trade closed manually
Chart Patterns
Trend Analysis
DeanKueh
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