ADA probably found a new bottom
Updated
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Comment
Cardano Daily Chart looks like a bottom. I am expecting a retracement to at least 858 sats. I am going to ladder some long order to 400 sats and wait for a break-out of the Descending Triangle to add more into my position.Comment
ADA is moving nicely to its resistance trendline. Following our idea, if the daily candle closes above the trendline, I will open a long position with a stop-loss below this trendline.However, if ADA gets rejected here, I would likely open a short position with a tight stoploss, targeting the 400 sats area.
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ADA has been the most quiet coin to break out but it finally did.It is currently testing back the broken triangle
Safe long here
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First Target reached for ADATrade active
2nd Target reached for ADA
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