ADA consolidating into ascending triangle and will break out.
Easy set up today - ADA is consolidating into an ascending triangle. BTC is holding 23400 but ADA is unable to clear .515 on a breakout attempt.
The real resistance level is .515 from what I can see. I would wait a bit and hedge from the top and bottom of the channel, and play the breakout dropping the loosing position on the breakout and confirmation as it's really unclear.
BTC is forming bullish but there isn't any money to float this from institutional interest as there historically was. It's a tricky market to play so I won't recommend any position, but trade the price action. One failed breakout is a swing high, so I would prefer shorts but BTC looks in an up trend.
Vasil is delayed so I don't think it's really priced in yet, and won't be for a bit.
Good luck out there. These markets are hard to trade...
The real resistance level is .515 from what I can see. I would wait a bit and hedge from the top and bottom of the channel, and play the breakout dropping the loosing position on the breakout and confirmation as it's really unclear.
BTC is forming bullish but there isn't any money to float this from institutional interest as there historically was. It's a tricky market to play so I won't recommend any position, but trade the price action. One failed breakout is a swing high, so I would prefer shorts but BTC looks in an up trend.
Vasil is delayed so I don't think it's really priced in yet, and won't be for a bit.
Good luck out there. These markets are hard to trade...
Comment:
Looks short - I have a position on the breakout. BTC is failing to hold 23400 so as long as that stays true, this position will be green.
Comment:
.515 broken. .51 is being tested as the major support zone. In line w/ btc. Holding a short from .5128.