ADABTC | local breakout potential

17 Mar 2020

Technical analysis of timeframes from 5 minutes and up to 12 hours reveals a high possibility of breakout at ADABTC pair

There is a strong ascending trend support has been formed during last days. According to RSI we see that the coin is very oversold and accumulates momentum power. Fundamental analysis confirms that the price of Cardano is undervalued and intrinsic value is higher. Such situation arose due to Bitcoin market crisis thus we see a great entry opportunity for ADABTC pair.

Entry range, stop loss and accurate targets are in Premium channel.

19 Mar 2020

Not

Few hours after the analysis was posted the price action declined and made a fake breakdown out of the Triangle. However ADABTC bounced and returned to the pattern structure thus it allowed to make a forecasted breakout right to our 1st target

Profit: 3.75%
Duration: 1 Day