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ADABTC - Outlook .. Good Longing zone

BITTREX:ADABTC   Ada / Bitcoin
Cardano has arrived at a decent longing zone.

Reasons :

Resistance = support structure to the left
Daily 100 EMA
886 retracement + 1.272 inversion + 1.272 extension
ABCD completion
RSI massively oversold
Good amount of RSI divergence (flat on RSI but lower lows on chart)
Sell momentum seems like it is dying down now.. I would look for a large bullish reversal candle (either engulfing or a nice green pin) before getting involved in this one.

Please note that this is not trading advice & is purely educational

Trade at your own risk
评论: Zoomed in look at the RSI divergence

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