While Bitcoin is still making up it's mind while moving between the 6280 and 6380, ADA offers a very attractive risk reward trade. The risk is still high since Bitcoin is still in control of the bears, but there is such a clear resistance level for ADA. If it breaks it will probably make a good jump up. The volume picture looks good, so the only risk i see here is Bitcoin.
The triangle it's in now, can always go both ways, but since it's so close to this resistance, the bulls might have prepared themselves for a break out. I am risking a small amount on this trade, worth the shot, risking 2% for possible 10% target and maybe even more. I am waiting for a break of that triangle on the upside before entering this trade.
Previous analysis:
הערה
Well it made a great rally but the Bitcoin bears have take control again and the market is dropping while i am writing this. Things are not looking that great now. It was worth the shot, but i would use the first red stop level as the stop loss.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.