AndyDemi
Long

ADA/BTC Cardano Long Breakout Opportunity

BITTREX:ADABTC   Ada / Bitcoin
ADA has pulled back to it's 78.6% Fibonacci and it's long term trendline . This is a great Buy Zone area. I have used the Fibonacci to project the target which matches perfectly with the parallel Flag Target derived from measuring the move up and projecting it from the flag breakout . When combined with the Fibonacci to get the same target (the 127.2% Fibonacci), this is very strong and the probability of reaching this and pulling back is very high. My recommendation is to either wait for a slight pullback here onto the long term trendline or wait for the flag to break before going long. It's not advisable to buy at flag resistance.
Comment: Looks like the market is heading towards the outer trend line which could be an opportunity to add to the trade
wtf is that ?
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@larj, in what sense? What's your question?
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