Long

ADAUSD viciously sold, but a vicious buyback in play!

Updated

https://www.tradingview.com/x/mAbdx7HY/

This is a Cryptocurrency ADAUSD has been sent downwards in its price this year like most other Crypto's, lately trying to stage its turnaround, I think it will happen real soon as Bitcoin is set to move much higher anytime soon, very soon now I think and Crypto is very bullish today across the board, many things up 5% already.

This would represent a massive upside move for ADAUSD as the forces are set to take Cryptocurrency's much higher following their big sell-downs this year.

Trade active

Buy at the price break above 0.33 to 0.3330
SL: 0.3258 or 0.3270

Note

We have seen some good price-action from ADAUSD and it's broken out to an all time high. This is going up much higher I believe.

Bitcoin has already secured the breakout by making BTCUSD an all new high for Bitcoin because BTCUSD has taken and beaten the March level.

So what does this all mean for Cryptocurrency?
My understanding is that new President of the USA Donald Trump is pro-bitcoin.
Secondly an all time high is achieved by BTCUSD's strong price action.

For my mind, Cryptocurrency is going to continue to breakout in price so long as it's not too overbought, I don't think it would be at this point because I know there was a lot of selling at the weekend when it's price retraced down.

Trade active

I Have another setup for ADAUSD coming up, but I would not be buying it at this point because there is some selling liquidity happening with day-traders and other shorter term investents and the longer term holders may have elected to Liquidise today and take profit finally.
The Daily chart look bullish, I am waiting for intraday timeframe to align after some selling activity where the price of ADAUSD may fall somewhat, but I firmly believe that the price is going upwards today and the rest of the week.
ADAUSD has broken out to new highs

Note

This trade is still active Long.
Sure you could top-up as this will move up swiftly with Bitcoin's breakout which is occurring now, not fomo now, but it is set to move through 80,000 very very soon.
But ADAUSD will be very bullish I believe on the break above 0.455 ish. But its very bullish now, since I tipped it at the break above 0.33 only a week or less ago.

Note

This baby is breaking out nicely again today. It should run very fast above price 0.4550. It will get to the resistance area before long. Look for a retrace pullback buy or buy now at market.

Note

It was basically a bullish W-Bottom. But most W-bottoms do not run anywhere near this fast.

Note

SL: 0.4050 & Buy any price before 0.4550 if possible.
TP: $5 and beyond

Note

just watch your stops guys. i see an mtop and theywil short throught yr stop loss. remove it for awhile

Easy_Explosive_Trading

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