Cardano / Bitcoin
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Probable H&S Reversal ADA/BTC

ที่อัปเดต:
ADA is nearing a confirmation of bottom head & shoulder (ABC), spanning since September 2018. The nearly completed right shoulder has successfully broke out a double bottom and wedges.

Two key resistance levels are the red diagonal neckline of the HS and the magenta line. I'm considering a preemptive entry when the magenta resistance is breached (around 1297), since it had more failed actions in the past (Triangle 1 and turnaround 2).

I'd put stop at 1220 if it did break out, with 1730 as the first target.
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Updated stop: 1235
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There we go. The trend is pretty strong on this one. I'd long again after the first significant pullback
Chart PatternsCryptocurrencyHead and Shouldersreversal

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