UptrendTrading

UptrendTrading

ADA has been trading in downtrend for about 4 months. The price is 55% lower from its ATH . In the last weeks ADA has been forming a falling wedge . Falling wedge are bullish patterns that usually indicate potential trend reversal. In case of breaking up and confirming, It could mean the start of an uptrend for Cardano . Fake breakouts happen often, that is why...

UptrendTrading

On our last Bitcoin broke down the 46K - 52K range, and found support at our 40K zone. In the recent days BTC made a bounce, printing a hammer candle with two following green candles showing strong buy, which indicates potential reversal to the upside. Today is a red day and we still haven't left the downtrend since the ATH. The nearest meaningful resistance...

UptrendTrading

Cardano is strongly rejecting the 1.20 support. An area that also have confluence with a the orange trendline. As we can see, there is a clearly Bullish RSI divergence. And RSI Divergence occurs when the price is making lower lows and the RSI is making higher lows, as depicted in the chart. RSI Divergences can be combined with areas of support to decide entry on...

UptrendTrading

In the last days, Bitcoin has been ranging between the 45.5 K and the 52K. Currently, Bitcoin is just above the support zone around 46K and the trend-line. In case of breaking down that confluence zone, we can expect more downside movement. The next big support is around 40K. As long as BTC stays above the 40K, we are still in the long-term uptrend. Below that...