ADA to break out .... eventually
ADA will eventually break out of the current triangle it find itself in, but there will be one or two downs along the way
AMCD is looking very flat and so is the RSI
Because volume is rather low, this indicates that traders are waiting for a stronger buy signal and are expecting the price to dip a little further, (Holders keep on holding and buyer want to buy lower).
Looking at the fib we are stuck around the 0.618 level, once we break above it we should climb to 0.382 ... and back down again before breaking out for good.
I would probably buy at 0.00002069 and sell around 0.00002450
If you feel adventurous, you could buy at 0.00002069, sell at 0.00002200 and buy again at 0.00002100
Given that the price if BTC will go up and down in that time, it is not an unrealistic scenario.
AMCD is looking very flat and so is the RSI
Because volume is rather low, this indicates that traders are waiting for a stronger buy signal and are expecting the price to dip a little further, (Holders keep on holding and buyer want to buy lower).
Looking at the fib we are stuck around the 0.618 level, once we break above it we should climb to 0.382 ... and back down again before breaking out for good.
I would probably buy at 0.00002069 and sell around 0.00002450
If you feel adventurous, you could buy at 0.00002069, sell at 0.00002200 and buy again at 0.00002100
Given that the price if BTC will go up and down in that time, it is not an unrealistic scenario.
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