Klataro

Klataro Updated 

The restistance above seems to be a hard nut to crack. The bulls tried several times now to break trough but did not succeed. The rising wedge finally broke to the upside, followed by an immediate rejection. Altghough there was sufficient volume at first glance it was not enough to start the next leg up. From a technical point of view the upward trendline has...

Klataro

So far it's is all playing out well, my former analysis seems still valid. I now recognized two valid patterns: A bull flag and an descending triangle. In 2018-2019 COINBASE:BTCUSD has demonstrated a nice descending triangle breaking to the downside after a major uptrend. So i definetly would take this into account for ADA too. Price is narrowing down nicely...

Klataro

After having a little fake out ADA finally looks ready to rise sustainably. The daily bullflag ist still valid and the 1200ish zone proves to be a reliable support. If ADA preferred to take the way down it would've already happened i guess. For me the fake out looks more like begging for upward momentum rather than a real bull trap, which should've pulled the...

Klataro Updated 

After topping out as expected due to an overextended weekly RSI, Cardano has a descision to make. It is hanging exactly on the monthly support of around 1200 which it pierced several times right now with the result of being bought up again and again - even if it was just a little push to the upside. But bulls seem to get weaker as we can't really see any descent...

Klataro

Weekely RSI is pretty overextended and the candles may form a double top. If the wedge breaks bullish i'd expect ist to top out around 1700, followed by a big correction. The project ist still developing and imho the price is just driven by hype and fomo and is probably not sustainable. Personally I won't invest any big amounts now and wait for it to come down to...

Klataro

What i see is that BITFINEX:BTCUSD is approaching a restistance cluster. If we don't get more bullish volume in the market it could be rejected another time. Volume does not seem to hold steady - looks a bit shaky. What do you think?