Cardano quick pullback after 10% drop, small timeframe TA
(Talking in timezone UTC+2)
Yesterday night Cardano hopped on a massive jump from about 1250 satoshi's to almost 1500 satoshi's. The market started to catch up this afternoon, with a total daily gain of 25%! But that resulted in Cardano being overbought and the market correcting itself afterwards.
Now is the time to buy back in, I assume it will get back to it's normal resistance at about 1430 satoshi's.
At the time of posting the StoRSI is still under halfway, which means it will probably rise until ADA hits about 1430 satoshi's, good luck!
/!\ This is just an analysis, not financial advice. I am in no way responsible for your trades /!\
Yesterday night Cardano hopped on a massive jump from about 1250 satoshi's to almost 1500 satoshi's. The market started to catch up this afternoon, with a total daily gain of 25%! But that resulted in Cardano being overbought and the market correcting itself afterwards.
Now is the time to buy back in, I assume it will get back to it's normal resistance at about 1430 satoshi's.
At the time of posting the StoRSI is still under halfway, which means it will probably rise until ADA hits about 1430 satoshi's, good luck!
/!\ This is just an analysis, not financial advice. I am in no way responsible for your trades /!\
Comment:
Well, looks like that didn't work, probably in the longer timeframe..?