Helical_Trades

ADA/USDT : When to enter CARDANO ? Full direction

Long
BINANCE:ADAUSDT   Cardano / TetherUS
ADAUSDT
Hello everyone 😃

ADA gave us two great opportunities to enter, But There should be some people who didn't enter yet !
I'm one of them. I Used to enter when it was around $1.27 but I sold my bag so fast...
Now there is a possible rejection from here and so, We can have another taste of dip near $1.4

📌 Why it can't go higher for now ?
RSI is reaching the limit zone for buyers and ADA is facing a stiff resistance here; Also above this resistance there is H12 zone.
So it's so hard for ADA to break both of them when it has reached the limits on RSI and Volatility !
How ever the major is extreme bullish for ADA !
Cause there is a formed bullish divergence on ADA.

Also on BTC's pair :
ADA is facing a resistance zone and there could be a rejection for it...
Both chart are facing a resistance now !

On BTC's chart :
There is a rising wedge, Which is basically bearish if it's works...
Now, Daily MA200 is above movement again and it can rejects bulls one more time.

So As we are holding this major resistance I'm bearish. And I will searching for better entries.
Personally I set some bids on BTC around 27K ( NFA ).


🔰 Any bullish breakout on current rising wedge, Will invalidate the idea and it can cause another leg to 42K resistance area.

Hope you enjoyed our analysis about Sentiment view on ADA's possible directions🙌
You can support us with your likes.
Also you can share your opinion with us in comments 😉🙋🏼‍♂️

Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades
Comment:
Another pennant has formed in low TF

🔴 Don't forget to join our channels for FREE Premium stuffs !

TELEGRAM :
t.me/Helical_Trades

Instagram ( Persian - فارسی ) :
www.instagram.com/helical_trades/
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.