ADA is preparing for Long term rally, ready to grab it?
Updated
Hello Friends,
Lot of low volume alts are popping up, kind of selective bull run. We yet to major movements are big volume coins. Few signs are seen, sharing with you.
ADABTC after 01-Jan-2018 high, 15 months price was in downtrend. May,2018 was the period the price was above 200MA.
(200MA is seen as major indicator for bull and bear). After May, 2018, now we are trading above 200MA.
If you notice the chart, the price movement is between 800 SATs to 1100 SATs for last 6 months which is very good consolidation. Can this hold? As long as Sellers are not interested to sell it below the 800 SATs, seems they are not interested.
Last bull run for ADA BTC started at 650 SATs, check my previous call (1 year old one)
So if you compare 650 SATS, price touched 830 SATS from the high of 9000 SATs which is down by close to 90%. Wow !!! Yes, you are right. Price has bounced back 1100+ SATs levels after the 829 SATs low and trading above all moving major moving averages.
Now moving averages will act as support. The support is between 1100-1150 SATs (circled one).
One can buy there with sl (your sl based on risk appetite, 820 SATs can be good one)
Entry :1125 SATs, SL : 820 SATs, Target open. Book profits when you are comfortable
resistance zone at 1300 SATs, break and close above can attract more buyers to the coin.
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#ADABTC #BTC #adabtc #btc
Lot of low volume alts are popping up, kind of selective bull run. We yet to major movements are big volume coins. Few signs are seen, sharing with you.
ADABTC after 01-Jan-2018 high, 15 months price was in downtrend. May,2018 was the period the price was above 200MA.
(200MA is seen as major indicator for bull and bear). After May, 2018, now we are trading above 200MA.
If you notice the chart, the price movement is between 800 SATs to 1100 SATs for last 6 months which is very good consolidation. Can this hold? As long as Sellers are not interested to sell it below the 800 SATs, seems they are not interested.
Last bull run for ADA BTC started at 650 SATs, check my previous call (1 year old one)
So if you compare 650 SATS, price touched 830 SATS from the high of 9000 SATs which is down by close to 90%. Wow !!! Yes, you are right. Price has bounced back 1100+ SATs levels after the 829 SATs low and trading above all moving major moving averages.
Now moving averages will act as support. The support is between 1100-1150 SATs (circled one).
One can buy there with sl (your sl based on risk appetite, 820 SATs can be good one)
Entry :1125 SATs, SL : 820 SATs, Target open. Book profits when you are comfortable
resistance zone at 1300 SATs, break and close above can attract more buyers to the coin.
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
#ADABTC #BTC #adabtc #btc
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well, we couldnot get perfect entry point. Variation is 10%, take your call.
Note
More than 10% gain so far. Hold for more.Note
More than 30% gain so far.Note
Wow, 1700 SATs, 40% gain and going.Note
thats awesome ride.Missed it? You may get the price around 1600-1630 again, Please buy and hold for long term gains.
Note
1600 didnot hold, next support is seen at 1300 levels.Well ADA is still very cheap, please accumulate you will not regret.
Accumulate = slowly buy on dips
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