ADA Symetrical triangle, strong uptrend, strong fundament - UP?
Hello traders,
Today lets have a look at 4H chart ADAUSD. We can see that ADA is forming symetrical triangle (purple). Also, if you look on previous triangle (blue), you can see that they are really similar. So, i think (If BTC.D will fall and BTC stays above 30k) that ADA may push up again like from first (blue) triangle. There is huge fundament behind ada in Q1 2021, so there is really high probability that ada will push much higher.
I will wait for triangle breakout, then open long. Also good entry is above lower purple support line, SL below this line. Always use stop-loss and do your own research.
What do you think? Do you agree?
I appreciate like & follow, it means a lot for me!
This is just my idea, not investment advice
TRADE WITH BRAIN, NOT GREED
Today lets have a look at 4H chart ADAUSD. We can see that ADA is forming symetrical triangle (purple). Also, if you look on previous triangle (blue), you can see that they are really similar. So, i think (If BTC.D will fall and BTC stays above 30k) that ADA may push up again like from first (blue) triangle. There is huge fundament behind ada in Q1 2021, so there is really high probability that ada will push much higher.
I will wait for triangle breakout, then open long. Also good entry is above lower purple support line, SL below this line. Always use stop-loss and do your own research.
What do you think? Do you agree?
I appreciate like & follow, it means a lot for me!
This is just my idea, not investment advice
TRADE WITH BRAIN, NOT GREED
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