ADA/USDT: Keeps being very attractive..

in HODL5 years ago

After yesterday's call on the ETH/USDT, a few more altcoins seem showing good signals for a quick trading.
One of them is ADA which is again evolving positively in the 4-hour chart, "travelling" along a symmetrical triangle and showing a BULLISH DIVERGENCE on the RSI:

ada.jpg

Bullish divergence created by the Higher Lows of the price and the corresponding descending curve .

On the 1-Hour Chart the situation is still better:
ada2.jpg

The target of the iHS pattern is rightly projected towards the upper resistance of the Symmetrical triangle, meaning +5% from the current price level. It can be a fruitful trade if leveraged correctly and assessed continuously.


I'm sharing only my quick trading Ideas here, not financial advice at all ;-)

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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I am so deep into ADA. I love it. Going to crush ETH long term IMO. The guy who invented Haskell is on the ADA train too!

yep, if ADA keeps being consistent I think it has a bright future

Are you in? I flipped that ETH trade into RVN, but this trade looks tasty as well.

Of course! I opened at 0.12491...
will see, volume seems to be non-supportive, so I set a Stop loss at 0.12366 just in case

btw... I did enter as well at the same time as ADA on LINK at 7.73 and so far so good.

Stop loss triggered, I am OUT :-(