ADA/BTC Update: Consolidating after bullish H&S BreakoutThe same infos holds as posted for ADA/USDT.
Here we see an excellent example for a bullish Head and Shoulders breakout.
We reached the first resistance line and are currently consolidating bellow.
For new entries you could take the price indicated by the box.
We are very confident that we will reach all our targets set within this chart.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
