ADA/BTC Forming another bullish flag. Moving towards ATH.

15 июн. 2021 г.

Cardano is moving towards new ATH considering the ADA/BTC chart.
Currently we ca see the formation of a second bullflag since the head and shoulders breakout.
We expect some more consolidation before an upwards breakout.


Smart contracts are around the corner and money is coming towards ADA.
With its proof of stake mechanism it also is energy efficient.





Basic rules:
- Never buy the top/ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place

Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers

ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, white and pink lines are 200MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.