ADA BTC Trading Idea

By DeanKueh
Updated
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.
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[img]snapshot[/img]

Bullish pennant forming in the daily chart
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1) 2563 Sats (Target Reached 18/07/2018)
2) 2958 Sats
3) 3280 Sats
4) 3994 Sats
5) 4543 Sats
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[img]snapshot[/img]

Slight pull back to 0.382 Fib (2351 Sats) before we move on to second target.
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Correction until 28th July

Upward movement projetected to continue after that.

Broadening ascending wedge
[img]https://preview.ibb.co/hKO3UT/adabtc.png[/img]
Trade closed manually
Chart PatternsTrend Analysis

Disclaimer