ADA With Bitcoin going up it's time to re-evaluate ADAUSD
ADABTC has had a slight retreat from it's weekly high of approximately .31 cents (currently trading at 3246 Sats .29 USD). The ADAUSD chart shows that there is a bull pennant forming. Option; Set a buy Stop Limit order to enter at this point if possible. If you try to monitor the charts and buy as the breakout occurs, you will MOST likely miss the entry point as the liquidity and bot control in this market counters manual trading on a breakout. The RSI on the 4 hour continues to drop. RSI Currently at 59; the recent days have shown that there is major support at an RSI of 55.
If BTC goes on a run up, pay close attention to the general alt market and note if alt coins are acting inversely or following suite. If they appear to be following suite, you can bet ADA will be one of the biggest winners. The Cardano Blockchain Technology and implementation will be second to none. It's definitely a longer term play in a market surrounded by 100's or 1,000's of speculative coins and tokens that will fail. (think microsoft, google in post dot com bubble).
With that said; after the breakout the T.A. shows an initial target of .3394USD aggressively, then .3575USD aggressively. Longer term please refer to my referenced ADABTC chart.
Please like and follow if my work has helped you out. Much Appreciation! Thank you.
AJ
If BTC goes on a run up, pay close attention to the general alt market and note if alt coins are acting inversely or following suite. If they appear to be following suite, you can bet ADA will be one of the biggest winners. The Cardano Blockchain Technology and implementation will be second to none. It's definitely a longer term play in a market surrounded by 100's or 1,000's of speculative coins and tokens that will fail. (think microsoft, google in post dot com bubble).
With that said; after the breakout the T.A. shows an initial target of .3394USD aggressively, then .3575USD aggressively. Longer term please refer to my referenced ADABTC chart.
Please like and follow if my work has helped you out. Much Appreciation! Thank you.
AJ
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