Hi Seildev here,
Hope everyone has had great easter break and spent time with their loved ones.
Today we're looking at ADA/BTC pair. Trend line at times in the crypto currency space does not work as well as planned inclusive of the Fib areas as when these coins are being sold at vast majority we rarely see a bounce off from key levels.
However, we have seen a horizontal key structure level at 0.00003070 where we've seen a bounce on the Feb/24th. Right now we are in the no man land however in this daily chart we are seeing a squeeze formation to either give us 2 scenarios of:
- Buy opportunity if price above 0.00002508 and sell at 0.00003095
- Price dropping further 0.00001260 which will present us with another buy opportunity.
As always, trade with a plan and safe trading.
If you enjoyed this chart/analysis, please send me a PM and I’ll be glad to help you further.
Hope everyone has had great easter break and spent time with their loved ones.
Today we're looking at ADA/BTC pair. Trend line at times in the crypto currency space does not work as well as planned inclusive of the Fib areas as when these coins are being sold at vast majority we rarely see a bounce off from key levels.
However, we have seen a horizontal key structure level at 0.00003070 where we've seen a bounce on the Feb/24th. Right now we are in the no man land however in this daily chart we are seeing a squeeze formation to either give us 2 scenarios of:
- Buy opportunity if price above 0.00002508 and sell at 0.00003095
- Price dropping further 0.00001260 which will present us with another buy opportunity.
As always, trade with a plan and safe trading.
If you enjoyed this chart/analysis, please send me a PM and I’ll be glad to help you further.