Cardano / Bitcoin
Long

Bottom is in for Cardano

140
ADA/BTC on the daily chart.

The alts are looking bullish, if bitcoin will not ruin the party.

On the daily chart of Cardano we can see a few things:

1. RSI has touched its second higher high indicating for strength.
2. MACD indicator has had its bullish cross-over.
3. Price has made a second higher high.
4. Price pattern (might be in an ascending triangle). Which is bullish.

The price bounced from the lowest support in history, all time low of around 900 sats. Indicating that this is a good time to buy.
Notice also how the volume is much higher in 2019 in march and may.

Entry: 0.00001009
Target 1: 0.00001355 (30%)
Target 2: 0.00001936 (88%)
Stop: Manual stop loss is when the weekly candle closes below 800 sat

my allocation in this trade will be maximum 2-4% , always trade with proper risk management!

Best regards,

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