ADA/BTC is currently consolidating on prior resistance around 1615, and so long as price can hold this level and consolidate, it might have more in the tank. Price is in a clear up-trend, so buying pull-backs has been effective, and this might be another one of those opportunities. High risk as Bitcoin could be making a decisive move soon. Also, if anyone wants to get a free stock from Robinhood, feel free to sign up using my referral link below. They also offer feeless cryptocurrency trading on a select few coins if you're in an approved state. I'll put an article down below for those interested in Robinhood crypto. I also accept BTC donations if you guys are
Entry: 1615-1630
Target 1: 1725 (Previous consolidation zone.)
Target 2: 1900 (Strong previous support zone before it broke down from it and started it's down-trend to the 800 range.)
-I expect target 2 to be a pretty tough area to break, so not looking for higher targets until we reclaim that 1900 level as support again.
SL: 1575-1590 depending on risk level and goal.
Robinhood crypto article: support.robinhood.com/hc/en-us/articles/360001284423-Commission-Free-Cryptocurrency-Investing
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Entry: 1615-1630
Target 1: 1725 (Previous consolidation zone.)
Target 2: 1900 (Strong previous support zone before it broke down from it and started it's down-trend to the 800 range.)
-I expect target 2 to be a pretty tough area to break, so not looking for higher targets until we reclaim that 1900 level as support again.
SL: 1575-1590 depending on risk level and goal.
Robinhood crypto article: support.robinhood.com/hc/en-us/articles/360001284423-Commission-Free-Cryptocurrency-Investing
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
Note
4-hour view: Daily view:
(50 MA in Green, 100 MA in Yellow, 200 MA in Red.)
Note
Target 1 at 1725 has been hit. All eyes on Bitcoin now: Note
Watching to see if it can consolidate on top of old resistance around 1680: Note
Didn't hold above 1680 and it ended up pulling back to the orange line here which was a brief pivot zone: Note
Hit 1892 on a wick; 8 sats away from my target at 1900. My view on ADA is still the same; 1900-2000 should be a pretty strong resistance zone, so I don't expect it to be broken very easily: Trade closed: target reached
Closing this post as ADA hit target 1 and came within 8 sat's of target 2.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
FTX US: ftx.us/
Sign up for Binance US here: binance.us/?ref=35000668
Sign up for Binance US here: binance.us/?ref=35000668
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.