Technical analysis of timeframes from 5 minutes and up to 12 hours reveals a high possibility of breakout at ADABTC pair
There is a strong ascending trend support has been formed during last days. According to RSI we see that the coin is very oversold and accumulates momentum power. Fundamental analysis confirms that the price of Cardano is undervalued and intrinsic value is higher. Such situation arose due to Bitcoin market crisis thus we see a great entry opportunity for ADABTC pair.
Entry range, stop loss and accurate targets are in Premium channel.
There is a strong ascending trend support has been formed during last days. According to RSI we see that the coin is very oversold and accumulates momentum power. Fundamental analysis confirms that the price of Cardano is undervalued and intrinsic value is higher. Such situation arose due to Bitcoin market crisis thus we see a great entry opportunity for ADABTC pair.
Entry range, stop loss and accurate targets are in Premium channel.
Note
Few hours after the analysis was posted the price action declined and made a fake breakdown out of the Triangle. However ADABTC bounced and returned to the pattern structure thus it allowed to make a forecasted breakout right to our 1st targetProfit: 3.75%
Duration: 1 Day
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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.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
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.