ADA/BTC long trade

From classic analysis point of view,
- downtrend line in black has been broken
- the price sitting above the moving average 50 and 21 getting ready for going up
- the price created double bottoms around the 50 level of fibo and hit moving average 200 in red

AB = CD harmonic pattern can be seen on the chart

targets :
1- 0.00008787
2- 0.00010000

Stop loss:
0.00004117
By going under the point C on the AB = CD: the pattern will be cancelled
Going under the moving average 200 = we will be on bearish market


Happy trading

评论:

Although BTC is going down, ADA is still consolidating around the 0.00005237 price zone. Meaning, we can sell and get more BTC for long term but I'm still holding until we got the targets. The trade is still in play.

Thanks

评论:

ADA is clearly moving with BTC. If BTC is up, ADA will be pumped up. However, ADA has shwon a strength by holding the price zone around 0.00005237, the red horizental line, whenever BTC is heading down. So, watch the BTC as well for more entartiament as everything is working towards our targets.

Thanks