Div_Trader

Div_Trader

As said in previous Update, 1700 will act as a support and it did. Bitcoin Retracement helped cardano to test that 1700 support. Current price is 1820 sats and once again we are looking to test that 1940 Resistance. FIB Retracement tool shows next resistance at 1940, 2200 and 2580 zone.

Div_Trader Updated 

Absolute Beauty !!! Look how Well FIB Retracement sits. A long way to go for ADA to Break that ATH. So, lets take this step by step. Currently, Ada is fighting with the neckline of the possible Inverse head and shoulder bottom. IHS target is around 1900-1950 zone. Which also happens to be 0.5% retracement zone. Shelley is Coming.

Div_Trader

We almost reached our IH&S Target of 1900 Sats Today. Target was reached way earlier then i expected. Which means there is more room for growth before ADA summit on 17th-18th april. If we Break 1900 sats in few days and close above it then we may go towards 2400. If BTC helps Ada may also reach 3k Sats very soon. Positive Signal: 50 EMA Crossing 200 EMA on...

Div_Trader Updated 

Cardano (ADA) is mimicking BTC moves. A falling Wedge is forming on daily chart and currently the price is sitting right on support. Stoch RSI Approaching oversold zone + bullish Divergence can be seen. RSI in Oversold Region. A Bounce from this area is very important or else we will see 600-700 zone as a bottom.

Div_Trader

1H Chart shows that the price bounced and again trying to retest that 840 support zone. If we do not bounce from here soon, we may see a failing falling wedge pattern which means more downside. ADA Price action totally depends on BTC price movements currently. If btc price discovers 2500 area to be the bottom, then ADA may capitulate to around 600-650 zone.

Div_Trader Updated 

BTC 4h Chart is Printing a Falling Wedge. Retest of 3660 zone is possible followed by a breakout of the wedge. Targets are 4050, 4350 and 4700.

Div_Trader Updated 

Bitcion Daily chart shows Bullish Divergences on RSI, Stoch RSI and Momentum. Same Story for Ethereum too.

Div_Trader

BTC shorts on Bitfinex have reached the zone for the sixth time. Every time BTC price goes up to liquidate shorts. Wait for the confirmation before making a move. BTC chart showing bullish Div in Link to related ideas.

Div_Trader Updated 

We noticed a Triangle forming on 1h chart and fortunately for bulls, it broke out from it and reached our target of 4050 on coinbase and 4150 on Bitfinex. A small correction may follow & Daily Close above 4100 is important for more upside. Chances are 3500 was indeed the bottom of this bear season for Bitcoin.