ADA warzone

in ada •  7 years ago 

Decided I'm going to start making more posts on tradingview, and link them here.

Ok a little bit of extra info for my steemians!

https://www.tradingview.com/chart/ADABTC/XkOBEdQu-Ada-Warzone/

trend lines are black solid and dotting, the candles are still active above the cloud, so this isn't a great time to dive into a trade unless you have a solid reason.The red line is a bearish formation of a new trend, if it gets broken, it's likely that the bullish trend will continue. Thus it's a good time to pile into Cardano here if that happens. The dotted line represents the new bear form that is starting, and the orange box represents what I call the warzone, this is when one trend will stop and we'll go from being in two trends to one. I do think if this ceiling resistance is broken, it's likely that we'll get a burst up to at least 3500 satoshi's and probably closer to the top of the trend triangle.

Merry Christmas!

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