ADABTC: Due for a pullback?

17 avr. 2018

Hi guys,

Cardana (ADA) has had a great run as of late with positive news and huge volume pouring in, however, I think we are overextended right now and due for a retracement. I would personally not be buying in at these high levels.

RSI is showing oversold and the 100 MA is curving up nicely so good overall trend.

I'm waiting for a pullback of ADABTC back to around the 2800 sats mark. This will be my entry point. Target will be around 3600 sats, so potentially around 28% profit.

I'm still new to charting and learning on the go, so please take all this with a grain of salt and my personal opinion. Would love to get the community's feedback - what's your thoughts on ADABTC? Cheers.

17 avr. 2018

Note

Slight update to the above chart. The fomo was real with that last push and it went higher than I anticipated. New retracement level is around 2900 sats. New target is roughly 3900 sats!