Cardano / Bitcoin
Long
Aggiornato

ADA Has some life left.

854
ADA has been a pretty good earner. I started my long position when ADA was at 0.00000750 BTC. Totday, we have 285% return on investment.

There is a new wedge forming. However, this is on the 4 hour chart so there could be more volatility as ADA tries to find its local low.

Trade attivo
movement within new wedge.

istantanea
Trade attivo
It happened a little later than what was graphed on the 4hr chart. But, the breakout was a good one. We are now looking at a 570% increase since my long position was opened.

istantanea
Trade attivo
had a short period of consolidation before a breakout.
Trade attivo
It appears that ADA is going to be looking for support. It has had a pretty explosive breakout. This chart is showing the current diverging channel it is in and the support that lies below.

Support 1 @ 3900
Support 2 @ 3300
Support 3 @ 1500

istantanea
Trade attivo
testing new channel.

istantanea
Nota
the channel broke like a twig. haha.

Oh well, looks like a bullish falling wedge is forming. Could see it converge on the yellow or the blue line before a breakout. Volume is low so we could see these levels fail to build enough momentum for an outbreak.

istantanea

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