Not a financial advisor.
If the price action channel is respected and the RSI support maintained...
I would expect 2$+ ADA if the top of the channel is reached.
Will keep a closer look above last high!
If the price action channel is respected and the RSI support maintained...
I would expect 2$+ ADA if the top of the channel is reached.
Will keep a closer look above last high!
Note
Even though, I am still bullish on the ADAUSD pair...I am Neutral/Bearish on the ADABTC pair.On the chart below, I am looking at 3 possible paths on the ADABTC pair:
Note
ADABTC RSI on is also on Support...Nevertheless momentum is directionally strong downwards!The next couple of days will clarify direction in both pairs (ADAUSD,ADABTC)!
Note
Watching current support:Note
If this ADABTC support holds, it might be very well that the ADAUSD remains above 1$ ... I suppose that we will see how strong 1$ is as a support!Note
BTCUSD reached 60K!ADABTC has not yet broken horizontal nor sideways resistance nor upwards trendline. Awaiting a closure on this triangle formation.
Note
There were some news leading to this pump considering the Coinbase Pro listing...Still I don't care much about the news...look at this RSI!!!!!
Related publications
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.
Related publications
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.