Tez8

Short Term Long for ADA - reversal

Long
BINANCE:ADAUSDT   Cardano / TetherUS
SUMMARY: LONG, I see a reversal supporting a lift back up to the $1.30- $1. 40 range

-- Technical --
Stoch RSI is very oversold on the 4H

BB are pushing up against the lower bound.

The trend is within a broadening falling wedge and was been bouncing on a support line (blue) - bullish signal

Bitcoin is also pushing higher back towards the 33k level bring up ADA with it.


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*Not financial advice and is for educational purposes only. Always DYOR.

SO: What do you think, have I got it right? Let me know below.

Comments

i took the long - do u think it's safest to sell around 1.319 or wait for more?
+1 Reply
Tez8 RobJay
@RobJay, there will be strong resistance around the 1.30 (good profit zone)

keep an eye on Bitcoin, if it starts to turn down ADA will follow.

We want to see BTC hit the break the 34k
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BTC 4H
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