Breakthrough already!!! - I'm bored of waiting! ADA to the MOON
ADA /USD is at a key area right now. With all the positive news coming from CARDANO recently and the success of Haskell Testnet so far; things look very promising for the future and the rest of this year!
We are looking for ADA to push and close above this UPPER trend line on the Daily. This could happen within the next 24-72 hours.
Which could mean the bottom has been; and we will start to rise up never to return :P
I'm expecting Rocket 1 to play out, but Rocket 2 is a strong possibility also.
I feel Rocket 3 is unlikely due to the fundamentals and technical analysis surrounding Cardano/ADA right now. However, if some news comes out to strengthen the USD in the short term, then this could of course happen.
A close on the Daily below the bottom trend line means we have been unsuccessful this time and Rocket 3 has won.
OveraLL THERE IS A GOOD RISK/REWARD RATIO HERE.
Play it safe, don't over leverage and use a stop loss.
We are looking for ADA to push and close above this UPPER trend line on the Daily. This could happen within the next 24-72 hours.
Which could mean the bottom has been; and we will start to rise up never to return :P
I'm expecting Rocket 1 to play out, but Rocket 2 is a strong possibility also.
I feel Rocket 3 is unlikely due to the fundamentals and technical analysis surrounding Cardano/ADA right now. However, if some news comes out to strengthen the USD in the short term, then this could of course happen.
A close on the Daily below the bottom trend line means we have been unsuccessful this time and Rocket 3 has won.
OveraLL THERE IS A GOOD RISK/REWARD RATIO HERE.
Play it safe, don't over leverage and use a stop loss.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.