ADA consolidating on top of prior resistance, might continue up.
ADA/BTC is currently consolidating on prior resistance around 1615, and so long as price can hold this level and consolidate, it might have more in the tank. Price is in a clear up-trend, so buying pull-backs has been effective, and this might be another one of those opportunities. High risk as Bitcoin could be making a decisive move soon. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer feeless cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are
Entry: 1615-1630
Target 1: 1725 (Previous consolidation zone.)
Target 2: 1900 (Strong previous support zone before it broke down from it and started it's down-trend to the 800 range.)
-I expect target 2 to be a pretty tough area to break, so not looking for higher targets until we reclaim that 1900 level as support again.
SL: 1575-1590 depending on risk level and goal.
Robinhood crypto article: support.robinhood.com/hc/en-us/articles/360001284423-Commission-Free-Cryptocurrency-Investing
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Entry: 1615-1630
Target 1: 1725 (Previous consolidation zone.)
Target 2: 1900 (Strong previous support zone before it broke down from it and started it's down-trend to the 800 range.)
-I expect target 2 to be a pretty tough area to break, so not looking for higher targets until we reclaim that 1900 level as support again.
SL: 1575-1590 depending on risk level and goal.
Robinhood crypto article: support.robinhood.com/hc/en-us/articles/360001284423-Commission-Free-Cryptocurrency-Investing
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Nota
4-hour view: Daily view:
(50 MA in Green, 100 MA in Yellow, 200 MA in Red.)
Nota
Target 1 at 1725 has been hit. All eyes on Bitcoin now: Nota
Watching to see if it can consolidate on top of old resistance around 1680: Nota
Didn't hold above 1680 and it ended up pulling back to the orange line here which was a brief pivot zone: Nota
Hit 1892 on a wick; 8 sats away from my target at 1900. My view on ADA is still the same; 1900-2000 should be a pretty strong resistance zone, so I don't expect it to be broken very easily: Dagangan ditutup: sasaran tercapai
Closing this post as ADA hit target 1 and came within 8 sat's of target 2.
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FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
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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.