Accumulating Altcoins Part I: Cardano (ADA/BTC)
Cardano is 75% down from its ATH. Accumulate now and enjoy the profits later.
Volume up whilst price has been going down, bullish divergence. No brainer
Volume up whilst price has been going down, bullish divergence. No brainer
Trade active:
ADA has been increasing in price since my first call. Alts have shown signs of life again - and as I said this was to be expected. I hope you guys accumulated like crazy because soon these will go at least 200% up.
As for ADA. The Chikou span (lagging span) is now above the price. Tenkan and Kijun are closing in on eachother and there will most likely be a TK (Tenkan/Kijun) cross soon on the 1D chart. The TK cross is a strong signal for a trend reversal.
At this point, move up your STOP LOSS to about 0.00002340 (Tenkan Sen).
Hold this medium term.
As for ADA. The Chikou span (lagging span) is now above the price. Tenkan and Kijun are closing in on eachother and there will most likely be a TK (Tenkan/Kijun) cross soon on the 1D chart. The TK cross is a strong signal for a trend reversal.
At this point, move up your STOP LOSS to about 0.00002340 (Tenkan Sen).
Hold this medium term.
Trade active:
Not sure what is happening. Looks like the kumo is resistance for the price.
TK cross is happening right now. Look for that bullish candle close in the cloud. First target should be the flat kumo.
TK cross is happening right now. Look for that bullish candle close in the cloud. First target should be the flat kumo.
Comment:
Forgot the chart: