ADA/BTC: Update
Wanted to update the ADA chart, just to have a fresh one out there with some updated thoughts / analysis.
The blue box would be crucial historic support, and ADA has only barley touched this area. I was expecting a breakdown deeper into the blue box, but there appears to be a little bounce that has taken place.
Targets are the green boxes, right around 2000, and 3000 sats, those are crucial areas of resistance and would be a good place to take some off.
Ideal long position here is from or close to the blue box.
The purple line at 1350 sats is a tough level of resistance, and I would consider ADA just "ranging" until it broke above this purple line, a confident break above the purple line would be an indication of a potential breakout.
Always keeping an eye on ADA because it is on lots of major exchanges, and it is currently a bitmex alt as well.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
Disclaimer: I am not a financial advisor, and this should not be considered in any way finance advice. Never invest more than you can afford to lose. I am just a Dragon.
The blue box would be crucial historic support, and ADA has only barley touched this area. I was expecting a breakdown deeper into the blue box, but there appears to be a little bounce that has taken place.
Targets are the green boxes, right around 2000, and 3000 sats, those are crucial areas of resistance and would be a good place to take some off.
Ideal long position here is from or close to the blue box.
The purple line at 1350 sats is a tough level of resistance, and I would consider ADA just "ranging" until it broke above this purple line, a confident break above the purple line would be an indication of a potential breakout.
Always keeping an eye on ADA because it is on lots of major exchanges, and it is currently a bitmex alt as well.
No longer posting links in trading view descriptions, but you can find my twitter in my trading view profile bio. I have a discord group which can be found on my twitter.
Disclaimer: I am not a financial advisor, and this should not be considered in any way finance advice. Never invest more than you can afford to lose. I am just a Dragon.
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