Cardano / Bitcoin
Panjang

Bull Flag on ADABTC - Waiting for reversal on MACD

490
This 4 hr chart shows potential for a bullish move upwards if the MACD starts heading in the opposite direction after a break out from this flag.

Volume is declining too making it easier for larger price increases. I will keep an eye on this one!

Potential targets on the chart - a well managed entry and stop-loss could see an easy profit if we get the confirmation from the breakout.

Targets are based on:

  • T1 - Flag pole length
  • T2 - Previous support/resistance
  • T3 - Previous support/resistance


Always be careful with BTC pairs when BTC/USD is as volatile as it has been recently.

Penafian

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