Bullish Triangle in ADA

Hello Guys
Here a Quick analyse on one of the best Assets and Projects out there,Cardano,So let's go for it.
As you can see in my chart, we made a Bullish Triangle in ADA after last day bounce with BTC,ADA had a little different movements than BTC and after dropped from its last high around 0.40 by BTC pressure it almost made a Bullish wedge Actually as you can see in this chart below ADA have a huge triangle like BTC but ADA hold this triangle and did not broke it as BTC did.

Unlike my opinion about BTC Huge triangle i think this triangle in ADA will cause somewhere in near future that it cut its relation to BTC and continue its journey,independent.
In ADA we saw better Volume but need to increase more and we had many signs of hidden divergence in RSI many days ago and for sure RSI indicator in ADA is more logical than BTC and more Reliable.
As you can see in chart bellow we made a bullish wedge in this triangle twice,almost,first wedge worked perfect and second one seems to be in its final steps.we need to climb up and hit our triangle roof by this new wedge.

In chart below you can see even an iH&S,with less validity but if our other patterns work then this iH&S earn more credit and has to break the triangle to confirm itself.

After of break this triangle,if it can break,ADA have much strong resistance in its way that strongest is that black line i draw in my title chart and started from ADA last high record.like BTC if it can break that line too and confirm its break out then can say bear market of ADA ended for mid-term,but for now we can focus on this swing trade and short term bullish wave.
I have much hope in ADA future and i was an early investor in ADA since its first days,last year and its one of the a few Alts that i don't trade it and Hold it,i did not sold it even when ADA reached its ATH, honestly i am little regretful but not because of lost huge profit and more because i could added more ADA to my bag with that trade.But only reason that i posted it,beside of signs that i saw,is its profitability than BTC.we all saw in last BTC rallies that some ALTs have more profits than BTC in short bull markets and don't forget this fact that btc can ruin everything and every signs that i see here with its pressure again and you need to be caution in this trades specially now that btc is under a strong resistance.
And again if you enter this trade don't forget stop around 0.1545.
Again i appreciate of all your kindness and trust to me and please give this idea a like and leave me a comment to know your opinions about my works.
Thanks Again
Best Wishes
Peyman A

评论:

Hi Guys,let's go to a quick update.

As you saw last night BTC ruin the party as always and destroyed my perfect Bullish triangle.now we formed a different triangle that have not specific results all times but our bullish wedge is still in game.now i think btc forming a h&S and and if you entered the market yesterday you can exit it in btc right head pick but it's possible that h&s failed and give ADA another chance,because of that i prefer to stick to stop instead of exiting on a 50-50 pattern.so as i said always, don't forget stop-loss.
come back soon