ADABTC: Due for a pullback?
Updated
Hi guys,
Cardana (ADA) has had a great run as of late with positive news and huge volume pouring in, however, I think we are overextended right now and due for a retracement. I would personally not be buying in at these high levels.
RSI is showing oversold and the 100 MA is curving up nicely so good overall trend.
I'm waiting for a pullback of ADABTC back to around the 2800 sats mark. This will be my entry point. Target will be around 3600 sats, so potentially around 28% profit.
I'm still new to charting and learning on the go, so please take all this with a grain of salt and my personal opinion. Would love to get the community's feedback - what's your thoughts on ADABTC? Cheers.
Cardana (ADA) has had a great run as of late with positive news and huge volume pouring in, however, I think we are overextended right now and due for a retracement. I would personally not be buying in at these high levels.
RSI is showing oversold and the 100 MA is curving up nicely so good overall trend.
I'm waiting for a pullback of ADABTC back to around the 2800 sats mark. This will be my entry point. Target will be around 3600 sats, so potentially around 28% profit.
I'm still new to charting and learning on the go, so please take all this with a grain of salt and my personal opinion. Would love to get the community's feedback - what's your thoughts on ADABTC? Cheers.
Note
Slight update to the above chart. The fomo was real with that last push and it went higher than I anticipated. New retracement level is around 2900 sats. New target is roughly 3900 sats!
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