ADA/BTC: Bulls getting ready
ADA has been ranging around historic support for a couple of weeks now, finally starting to look bottomed out. The 3 day here still looks pretty bearish, and a test of lower support in the blue box may occur.
Cautiously long here (below 900 sats), if BTC breaks down ADA may also get taken down with it, potentially to new lows. 1000 sats is the red dotted line that is drawn on the chart, and this serves as a target for the long/heavy resistance.
If a breakout past 1000 sats occurs, a swing up to the red box (resistance) may be feasible
Still somewhat bearish on alts until BTC has a confirmed bottom or there is some more momentum across the board on alts as most have been in free-fall for the past couple weeks.
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.
Cautiously long here (below 900 sats), if BTC breaks down ADA may also get taken down with it, potentially to new lows. 1000 sats is the red dotted line that is drawn on the chart, and this serves as a target for the long/heavy resistance.
If a breakout past 1000 sats occurs, a swing up to the red box (resistance) may be feasible
Still somewhat bearish on alts until BTC has a confirmed bottom or there is some more momentum across the board on alts as most have been in free-fall for the past couple weeks.
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.
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