ADAETH trade ideas
uhm yes pleaseits time boys and girls. As the giants stabilize, a positive and confident sentiment pours into the smaller alts. Cardano is in a prime long accumulation phase. Current entry above .00025. stops around .00022 but flexible at the moment.
long the everloving christ out of this bitch
cheers
ADA/ETH UPDATEHello fellow traders!
Today I am analyzing why I think using your ETH buying power into cardano might be a good move. I have previously posted a chart showing the oversold conditions of this asset.
On the weekly chart there are several indicators showing bullish momentum.
MFI- really oversold to the point where we really haven't seen these levels for quite some time.
RSI- Nice bounce off of a key support area
also we have a WEEKLY bullish engulfing candle, signifying that we might go higher.
please like if you enjoyed this content also not financial advice just my thoughts ;)
ADA/ETHThis is a follow up to my previous post. In my opinion, it might be a good thought to put your ETH buying power to work in Cardano (ADA)
As you can see indicators are oversold possibly due for a reversal. Meaning Cardano might just increase your ETH you have now. Just about every time these level are reached, a possible reversal is a high probability.
This is more a swing trade opportunity. Money moves into patient hands.
With ETH reaching new highs, and it's indicators forming lower lows, ETH might be more subject to the downside.
Good luck!
Buy ADA Sell ETH Alt/Alt ratio tradePrice action suppressed relative to slow and fast line for ichimoku
Yes this is a weekly so find your entry on daily/4hr as to your trading style
Can price action be suppressed even more? Sure...
Stoch beginning to reveal consolidation
MACD confirmed downtrend last week candle (so why no T/K cross over yet???)
Price action indicative strong support zone
Considering the aforementioned, i prejudice some sort of volatility in this ratio over the next week or so
Wonder if ADA about to pump...eh eh ;)
S/L 2704?
T/P 4300ish T/P2(blue line) 4700
R/R 2.53 R/R2 3.65
Profit Weekly~~~