RSI divergence in almost all timeframes (15min-1D) for LONG BINANCE:ADAUSDT
We're probably in a new fall from the rising wedge. A smaller one, comparing with the previous big one..
Logaritmic scale at daily timeframe Previously break up of the huge downtrend resistance (at 2$) got us 15x gains. The new uptrend support has been formed, so during this or the next week is going to retest that uptrend support. For the last few months the falling wedge was forming, which means go LONG when the break up on the upper bond of the wedge pattern...
We've reached 200 days moving average, indicators are showing buying pressure and possible break up, wait for a confirmation on a descending triangle (which is usually a bearish pattern) If it crash down, other CRYPTO will follow
Volume drop confirmed rising wedge pattern Price max drop is to 42t$ Possible retest of the previous trend line, now a resistence line. This could be at 60t$ We'll see how it goes
I dont like it... What are your thoughts about BTC price ATM?
Fits good, we'll see how it goes. Price target with this near 70k.
Bullish in the long term. Price could still drop to 42k$ Mid March should bring us break up leg at 50k$.