BTC showing good resistance at the 60k Levels.
Will BTC be able to continue the run?
The trading volume, RSI, and other indicators do not look very good.
If Bitcoin drops the 58k level support, an imminent drop to the 52k could be possible.
Cheers.
150 M Market Cap project grounded in Switzerland and Lichtenstein.
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The chart looks great. I am not selling my LCX.
BTC is not looking any good.
We see a descending triangle + head and shoulders pattern (yellow line).
I am NOT expecting BTC to go further below the 58k level since this has proven to be a strong support level.
If the 58k level gets broken and a daily candle closes under that level - the bullish run would be in DANGER and things will look very bad.
Stay tuned.
ADA CARDANO has dropped and touched the 1.80 zones again. The lowest point in 3 months.
The old support level could act now as a new resistance zone.
I am buying in more ADA NOW. Leverage x3-5.
Bake did surprisingly not surpass the previous resistance level at 2.10 USD.
I see this however as a great buy-in change.
Bake is currently struggling at the support level of 1.85 USD.
I see two ways this is going:
1) (green line) BAKE will bounce for a while at the current 1.85 USD level and then continue the run towards the upside.
2) (red line) WORST CASE:...
Bake may still bounce for a while (up to 2 weeks) on the area of resistance at 1.95 - 2.05 BUSD. If the resistance gets surpassed, a huge pump is expected.
Be aware.
BakerySwap is a great project itself on the Binance Smart Chain - do your own research and you will find out. A lot of potentials there.
Two resistance levels are forcing Cardano ADA to go back and test the support level at 1.95- 2.05 USD again.
After touching the support level, I expect ADA to continue the march to the moon.
Shorting Time
Current price: 4013 USD
Enter price at: 4130 USD
Leverage: x3-5
Short x5 leverage within the red zone - AFTER drop confirmation.
Target 1: 3915 USD
Target 2: 3850 USD
Target 3: 3750 USD
