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dmchardy98
Sep 8, 2021 4:04 PM

Cardano Flash Crash to new collection of demand. Long

Description

After the flash crash this week, we are seeing orders collecting at a predefinded demand zone. Should the price continue upwards from this zone, we will likely see resistance at the previous supply zones and, therefore, potential consolidation around these price points before the market decides the new direction. We should pay attention to the sentiment of Bitcoin and whether that $52,000 price point can be broken and used as a support as this will influence our other cryptos in a bullish direction. Wait for confirmations, don't rush any trades and guard the profits made on this most recent bull run.
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