Cardano / BitcoinUpdated ADA BTC Breakout or Retracement?
ADABTC now is situated into a falling wedge but if we zoom out a little we get a huge INVERTED HEAD AND SHOULDERS.But it will fail or not this inverted head and shoulders? Firstly,to can push this we need a BTC Stable/in upward mode :D
and we need a lot of fuel and also volume because this 1250 it s a huge resistance of inverted head and shoulders(neckline). Stochastic RSI it s overbought and RSI it s priting a rising wedge which means will drop
Macd also need to cool off
I don t know where we heading,so i m out from this trade,i will wait a little to cool down.If we break from this inv. head and shoulder next target will be the 200MA around 1407 sats.
Trade active
Breakout!! we will see where will close this Daily candleTrade closed manually
Have MA support at 3D.It s good for a long term trade.!Don t forget about shelley release(descentralization+staking)
Coinbase
Goegun q2 2019
Good luck
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.