Biffy

ADA BTC Inverted H&S Anlaysis

BITTREX:ADABTC   Cardano / Bitcoin
ADA has hit a bit of resistance on an inverted h&s neckline, if it can break through it we will see an epic rally, but... its a little oversold on the rsi and we're starting to see some divergence. also the vortex oscillator is still red, but we are seeing some pink above the zero point; which means it is trying to break resistance, but hasn't yet done so. this is why I would consider taking some profit in this current zone, and then re-entering either above the resitance, or when we see a reversal candle on one of the supports on the below fibonacci levels .

Not financial advise.

Biffy
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