alanmasters
Short

Cardano (ADA) vs Bitcoin (BTC) | Bull or Bear

BINANCE:ADABTC   Cardano / Bitcoin
Since the 7-July peak, ADABTC printed a lower high and prices are now moving below EMA10.

If you read me... You know that closing below EMA10 switches the potential to bearish .

We also have a bearish cross starting to take place on the MACD and a retrace now is something we would expect.

On the chart above I marked the most important support levels based on Fib. proportions... Cardano ( ADABTC ) is likely to drop .

Don't take this as trade advice... Make sure to do your own research and have your own plan before you trade.

Namaste.
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Comments

Currently it is around 1200 how much it will take to reach 1500? In this August?
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Thank you for your analysis! Could you please do one on the LINK-USD pair ?
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alanmasters alexcambose
@alexcambose, I am looking at the chart but I cannot say what will happen next...
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alexcambose alanmasters
@alanmasters, got it, thank you
Reply
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