Let's jump in! Cardano has not fared well for a very long time. I already gave you a warning 2 weeks ago, that you shouldn't buy due to the . At this very moment we are taking a look at the 2H ADABTC Chart.
As you can see we are on the edge of the , and have just have a nice green candle with good which means we will have a reversal. We are under the 78,6 % retracement level.
The was oversold, but are pointing upwards now. The is about to make a MACD-Cross!
You guys might be able to make some percentages on this trade!
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But as people already has mentioned in the comments, we have to monitor the BTCUSD chart very closely. If BTC goes down, ADA would go down harder. But if BTC fares ok and start to go up or range ADA can go higher.
It's very hard to make trades like this at this moment with all the uncertainty in the market.
But D4 is not afraid of anything! He IS controversial! And he says what he believes in.
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I'll eat some humble pie if I'm wrong, but there is NOT enough info to suggest a reversal at this time.
@D4 - You usually have decent content, but this is by far the worst!