Technical analysis: . Cardano/Ethereum is in a down trend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 29. . While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00028200 to 0.00026900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00028200) Ending of entry zone (0.00026900)
Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.00030900 TP2= @ 0.00032600 TP3= @ 0.00034090 TP4= @ 0.00037000 TP5= @ 0.00039500 TP6= @ 0.00043000 TP7= @ 0.00050500 TP8= @ 0.00055000 TP9= @ 0.00071900 TP10= Free
Wow, man. Buy zone already. Thanks for this analysis.
ForecastCity
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@ThasosPerifimou, You're welcome.
Captain_Walker
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Cardano has a big future - but not everybody knows or believes that.
In terms of opportunity for spectacular gains, the important Alts (having been dumped for Bitcoin) are now ripe for going long. A few pennies on Alts around now can reap thousands of percentage increases in the next few years. The reward:risk ratio if very very nice on many of them. No tips on selecting - people need to do their own research.