Cardano (ADA) trading cryptocurrency market update for Apr 26, 2019

Apr 27, 2019 --- Altcoins

Cardano (ADA) trading cryptocurrency market update for Apr 26, 2019

Weekly Chart

ADABTC continued to move lower over the past 24 hours before tagging the lower EMA on the weekly chart below which sparked a small rally recently and has helped in keeping the current SCMR signal neutral, which is decent news for the bulls. So is the fact that the medium-term trendline and strong dynamic support are sitting right below the market while volume indications remain generally bullish, however the 50 SMA continues to fall, weaker dynamic resistance is still building just overhead, and the momentum oscillators have more recharging to do before a reversal, so there could easily be another leg lower to test the 0.0000xx area before the bulls return in earnest (hence the adjustments to the ProTrade setups).

Short term Members ProTrade - We have activated a small LONG position off of the 0.0000127 level with an adjusted stop around 0.0000xx and a target of 0.0000xxx.

  • ENTERED @ 0.0000127

Medium term Members ProTrade - We will consider a LONG position on a selloff back down to the 0.00000xx - 0.00000xx area with a stop around 0.00000xx and a target of 0.0000xx.

Long term Members ProTrade - We will consider a LONG position on a move back down to the 0.0000000 - 0.00000xx area with a stop around 0.00000xx and a target of 0.0000xx

At BBA we provide members with suggestive Bitcoin trading and Cryptocurrency trading strategies and analyze the Bitcoin value on a daily basis.  This can all be accessed via our hub, which is the ultimate bitcoin trading platform for traders.

You can sign up here to see the full content.