ADABTC is bullish, should breakout soon
Updated
ADABTC has been trading in an accumulation range: 0.00000440-540 BTC For the last 4 months.
ADABTC started showing a bullish signal when price reversed from 0.00000402 BTC with a high volume buy candle on daily.
ADABTC has also broken out from 50,100 and 200MA last week, and the price is now trading above 200MA.
ADA can try to break out from accumulation range soon, a clear break above 0.00000540 will take the price to 0.000006-0.00000630 which is also the next resistance.
Cardano founder announced a possible hard fork in mid-February, this news can provide enough fuel for this upcoming rally.
Trade Signal:
ADABTC
Entries: 0.00000450-500 BTC
Exit: 0.00000600-700 BTC
STOP: 0.00000400 BTC
ADABTC started showing a bullish signal when price reversed from 0.00000402 BTC with a high volume buy candle on daily.
ADABTC has also broken out from 50,100 and 200MA last week, and the price is now trading above 200MA.
ADA can try to break out from accumulation range soon, a clear break above 0.00000540 will take the price to 0.000006-0.00000630 which is also the next resistance.
Cardano founder announced a possible hard fork in mid-February, this news can provide enough fuel for this upcoming rally.
Trade Signal:
ADABTC
Entries: 0.00000450-500 BTC
Exit: 0.00000600-700 BTC
STOP: 0.00000400 BTC
Trade closed: target reached
Disclaimer
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.