[Watch it] Cardano may be (just) taking a breath

TD count 9 looming, if 0.00012 holds a few days a second leg up is possible.
Watch it.

Comment:

Broke up already.

Comment:

Comment:

If ADA bulls are still there, they should find a bounce soon.
Support is close.

Comment:

Bullish divergences.
Watch it , it may bounce again.

Take no risks under support, though.

Comment:

2 possible green routes out of the falling wedge.
Mind this is speculation, do your own diligence.

Comment:

0,000012 is psycologichal resistanc ( mentined before ).
0,000013 important FIB level.

Comment:

" psycologichal resistanc" ...
"psychological SUPPORT", sorry

Comment:

If falling wedge gets confirmed first meaningful resistance would be FIB 0.786, marked on chart.

Comment:

Out of wedge, but still no confirmation on volume.

Comment:

Come on ...

Comment:

Comment:

First daily close under 0.618, yesterday.
Not good.

Yet we notice a TD count=9 and price above support, hence there's still a way out of this pocket. I'd like to see a good reaction within 48 hours, maybe with the formation of a rising star.

As usual, don't take risks under support.
Let's see.

Trade active:

Time to take some risk.

First batch Long at 0,0000109, conservative Stop under FIB 0.5, to be tightened later. We'll see within next weeks.

Comment:

Long reference scenario:

Trade closed: stop reached:

Stopped.

Comment:

Well, we have huge divergences and FIB 0.5 seems holding.
Hence worth trying again.

Trade to be re-evaluated once 0.618 is reached.

Trade active