Coinathlon

ADA bullish divergence

Long
BINANCE:ADABTC   Cardano / Bitcoin
Please feel free to share your view on this pair down below in the comment section. I'm more than happy to be challenged and have an interaction on this idea.

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Cardano is looking interesting. Finding support on the range it was in for over almost a year. With a bullish divergence on the RSI.

When it touched here in november we saw a nice 50% rally towards the resistance at 936.

If Bitcoin retraces and fulfills its blow-off top, we could see Cardano move further toward the 1200 level.

What do you think about ADA? Long term hold? Or just a trade?

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