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ADABTC trade ideas

ADABTC important areas and trendlinesHI guys, just wanted to share this breakdown of the current situation. On the strong move up some zones of resistance were created (blue zones). These now act as support zones when the price is moving down and as resistance when the price is moving up. The lowest blue zone will act as major support as this is the former long term resistance area we finally broke through last week. Also the red diagonals are important trendlines to which the price will be attracted to or reflected of. You can use this as a guide to determine where the price would possibly reverse. Breaking above the upper red diagonal should be seen as a breakout out of a flag formation which is very bullish and could definitely result in a higher high than the top created last week. For now we are not there yet. Have to wait this out and see where we are heading. I wish you all good luck!
by RuDa01
6
Potential for ADA to Outperform BTC in the Mid TermA technical analysis of the ADA BTC pair in the long term group of time frames (1W, 2W, 3W, 4W), mid term group of time frames (3D, 6D, 9D, 12D), and near term group of time frames (1D, 2D, 3D, 4D) using the Phoenix Ascending indicators and the Bad Ass Bollinger Bands , which are publicly available. Please see publications by David Ward @WykoffMode to learn more about the proper interpretation of these indicators. There is potential for BTC to outperform ADA in the near term group of time frames (1D, 2D, 3D, 4D) and for ADA to outperform BTC in the mid term group of time frames (3D, 6D, 9D, 12D). Although a higher high is possible in the 1W, lower highs are possible in the 2W, 3W, and 4W. This is not financial advice. I am not your financial advisor. These are my opinions.
Long
by Eightchains
7
ADA reversal imminentIn my opinion I think anybody could have foreseen the Cardano run it's had the last few months. This was too easy of a pick to get emotionally attached to. You made some profits, now lock them in. A lot of people bought this for the clout and have no idea what it is used for besides profit taking (currently its best feature, so use it). The protocol implementations aren't a big deal, and I think they are already priced in. It will be a big fat nothing burger. Best case is that nothing bad happens and the network doesn't get clogged. You have no more good news to look forward to as an ADA fan except for the next wave of mass retail speculation in late March or April. Wave patterns, bearish divergence on the RSI, and 4 failed breakouts at the upper trending resistance build a bearish case.
Short
by RickSmash
20