Good day,
Some news about ADA/BTC. As we have anticipated we can see a move to the upside of our wedge.
The 4 hrs is showing strengh, for now, over the emas.
In the larger time frame (daily) we have now a clear triangle and a clear equilibrium suggesting a breakout next week. In case of a bullish outcome, we would have enough steam to push the btc value to the red line. The red line represents a longterm resistance back from 2017.
In case of a bearish scenario (unlikely) we should revisit 440 sats where we have the main support.
On the ada/usdt side we got a rejection on a longterm resistance since mid 2019. We should retest it after the weekly close if we manage to hold 0.054$ and a breakout from it would push the price to the historical resistances at 0.0732 / 0.1068 / 0.197 respectively.
In case of a bearish outcome, the price should return to its support arround 0.044.
Some news about ADA/BTC. As we have anticipated we can see a move to the upside of our wedge.
The 4 hrs is showing strengh, for now, over the emas.
In the larger time frame (daily) we have now a clear triangle and a clear equilibrium suggesting a breakout next week. In case of a bullish outcome, we would have enough steam to push the btc value to the red line. The red line represents a longterm resistance back from 2017.
In case of a bearish scenario (unlikely) we should revisit 440 sats where we have the main support.
On the ada/usdt side we got a rejection on a longterm resistance since mid 2019. We should retest it after the weekly close if we manage to hold 0.054$ and a breakout from it would push the price to the historical resistances at 0.0732 / 0.1068 / 0.197 respectively.
In case of a bearish outcome, the price should return to its support arround 0.044.
Trade attivo:
We have finally closed over the resistance at the 4 hrs (ada/usdt), we may need 4 hrs to confirm the breakout but if we don't have a reversal in the next 12 hrs it's very probable that we will end the consolidation at ada/btc.
We have finally closed over the resistance at the 4 hrs (ada/usdt), we may need 4 hrs to confirm the breakout but if we don't have a reversal in the next 12 hrs it's very probable that we will end the consolidation at ada/btc.
Trade attivo:
Mini update:
We are trading in a bull flag, we may see a breakout in the next 13 hrs aprox.
We are trading in a bull flag, we may see a breakout in the next 13 hrs aprox.