Hi guys,
Cardana (ADA) has had a great run as of late with positive news and huge volume pouring in, however, I think we are overextended right now and due for a retracement. I would personally not be buying in at these high levels.
RSI is showing oversold and the 100 MA is curving up nicely so good overall trend.
I'm waiting for a pullback of ADABTC back to around the 2800 sats mark. This will be my entry point. Target will be around 3600 sats, so potentially around 28% profit.
I'm still new to charting and learning on the go, so please take all this with a grain of salt and my personal opinion. Would love to get the community's feedback - what's your thoughts on ADABTC? Cheers.
Cardana (ADA) has had a great run as of late with positive news and huge volume pouring in, however, I think we are overextended right now and due for a retracement. I would personally not be buying in at these high levels.
RSI is showing oversold and the 100 MA is curving up nicely so good overall trend.
I'm waiting for a pullback of ADABTC back to around the 2800 sats mark. This will be my entry point. Target will be around 3600 sats, so potentially around 28% profit.
I'm still new to charting and learning on the go, so please take all this with a grain of salt and my personal opinion. Would love to get the community's feedback - what's your thoughts on ADABTC? Cheers.
Anmerkung
Slight update to the above chart. The fomo was real with that last push and it went higher than I anticipated. New retracement level is around 2900 sats. New target is roughly 3900 sats!
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.