ADAUSDT current status

Observation, descending wedge however we can see potentially 2 points for a reversal.
The good thing is the descending triangle that past, was indicating a further drop. However just like ETH, its breakout was up. A good sign.
I think with the recent announcement for Cardano Foundation CEO resignation of Parsons could only be a good thing.

If your going to go long with ADA, 0.69 is a very good entry. In addition, BTC is still in the 6400s and is likely to drop a little more but that too will most likely have lower highs.

ADA entry points, 0.69 (but you can miss out) or 0.733.

Cheers.

Trade attivo:

www.tradingview.com/chart/p5sbIZNi/

Trade attivo:

www.tradingview.com/chart/p5sbIZNi/

Trade attivo:

Trade attivo:

very hard decision... now or wait?

Trade attivo:

Stuff made of nightmares

Commento:

Trade chiuso: stop raggiunto:

As I don't have time for many charts, for now I'll just update the BTC and ETH. My expectations for ADA is to go low as 0.028 to 0.03. For the daily or weekly trader, one must follow BTC trends. My advice for ADA traders is to keep in mind the ADA\BTC pairing as you can see, long term, ADA is falling behind BTC and hence I would recommend only day traders for ADA. Long term traders, instantly flip to BTC if you suspect BTC to go down. Hence less hemorrhaging.
1 hrly chart for ADA\BTC pairing to make the point.