✳️ Double Bullish Divergence & Volume Confirms Reversal | ADABTC

Apr 3, 2023

Cardano bottomed 20-March vs Bitcoin and this can be confirmed through multiple chart signals.

Feel free to boost and let's dive in.

First, we have a double bullish divergence, classic, plain and simple.

We can see Cardano (ADABTC) printing a long-term lower low between March 2023 and May 2022.

The MACD on the other hand printed a long-term higher low in this same time window:

The RSI's bullish divergence is younger but still valid and strong, March 2023 vs Dec. 2022:

The signal is still valid and good.

Next, for a low/support confirmation is the volume signal.

We have high volume May 2022, just check the volume line/bar on this date on the chart.

March 2023 as a new 10 months low is hit, no volume/low volume.

A new low with no volume signals that this move is either weak, already over or just the market looking for liquidity rather than a trend continuation move.

With all this said, there can still be more correction but this is a low probability scenario.

A new low can be hit with the same conditions described now because it is still early on the bounce and no volume on the way up.

Now, looking at the other Altcoins, such as XRPBTC and SXPBTC, we see the reversal is already taking place.

Thank you for your continued support.

Namaste.

Apr 14, 2023

Trade active

LONG ADAM23 (ADABTC)

Leverage: 5X

Buy-in: 0.00001320 - 0.00001420

Targets:

1) 0.00001565
2) 0.00001890
3) 0.00002100
4) 0.00002360
5) 0.00002690
6) 0.00003133
7) 0.00003777

Stop-loss: Close daily below 0.00001300

Liq. price: 0.00001160

Potential profits: 839%

Capital allocation: 3%