Cardano (ADABTC) might have peaked. We have strong bearish divergence with the RSI and MACD.
The divergence is marked here with a purple line. Notice ADABTCs price closing higher while the MACD and RSI are closing lower.
The colored dashed lines (grey, green, blue) on the chart are the main/strong support levels where ADABTC can find support if prices drop.
We also have a pattern looking similar to a rising wedge. When we have a falling wedge, a jump normally follows... With a rising wedge, a drop can come next.
Namaste.
코멘트
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Complete failure on this one... "Focus on the altcoins..."
Do not short altcoins on a bullish altcoins market... Regardless of the signals.
with all respect...i disagree with you
ADA still have one more leg up possible second leg
FindTheSun
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@zinamster, i think it's all done for now, and next week or so we gonna chill out a little until next boom ! ;)
RowtymiARA
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@FindTheSun, really? all what you said just went up in smolke. Can you comment now looking at the price now?
lyonfx
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@RowtymiARA, Exactly everyone has a strategy till they get punched in the nose.
FindTheSun
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@RowtymiARA, that's true bro, even though it was calm few days, this night everything just shot up like crazy, only for BTC to jump in the morning and all the coin nightly gains down :(((
Bluechipinvestments
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I agree with you, and I see a solid Cup & Handle formation. The Release of Shelly and the Future Staking with Coinbase Custody, this will form a handle them Move up from there. This is just my TA, will have to wait and see.
iteonix
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@Bluechipinvestments, I also saw this pattern a few days back :P As I am not an analyst of any sort I laughed it off. It's nice to see it working.
ZenChill
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We all learn something new every day. Appreciate your honesty and humble attitude. Keep up the great work :D
OneStonedHobo
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lol
sj4dome
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Have you ever go back to check your prediction ? So funny.. :) With Respect.. Look at Weekly Chart and MACD, Trend never ending until definitive signal. Volume Peak or reach Fibonacci target in Weekly, monthly Chart. If trade like this is just day trader. The Whales they know what you guy think.
ADA still have one more leg up possible second leg