Bullish Cardano (ADA) Trading Idea (Increase position 10-15%)
Signals:
Significant buying pressure allowing ADA to break past 2400 resistance, now proven to be a support level
RSI showing continuous strength for past 3 weeks (This is actually a bullish sign, not an indicator for an overbought coin)
Bitcoin losing dominance every week, sign that altcoin season is here.
How to trade:
If it can hold the 3000 level, buy in around there.
Sell points
Around 3500 satoshis, the first significant resistance point
Buy back in after expected correction of around 10-15%, increasing your position in ADA by 15%. This step is if you are bullish in the long term.
Significant buying pressure allowing ADA to break past 2400 resistance, now proven to be a support level
RSI showing continuous strength for past 3 weeks (This is actually a bullish sign, not an indicator for an overbought coin)
Bitcoin losing dominance every week, sign that altcoin season is here.
How to trade:
If it can hold the 3000 level, buy in around there.
Sell points
Around 3500 satoshis, the first significant resistance point
Buy back in after expected correction of around 10-15%, increasing your position in ADA by 15%. This step is if you are bullish in the long term.
Nota
The entire market is very strong right now so I wouldn't wait for the correction of around 10%. You will have to decide for yourself the re-entry point. Personally I think we have found support at 3300 sats and it would not be bad to buy back in around that range.Dagangan ditutup: sasaran tercapai
Updated my ADA chart. Tells you if 3000 sat can hold & next buying levels.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.