AlanSantana

Cardano Long-Term (385% Potential Mid-Term Target & More)

Long
COINBASE:ADAUSD   Cardano / United States Dollar
Let's review together the long-term chart for Cardano (ADAUSD) on Coinbase.

It is the same ADAUSD on all exchanges and valid as well for the stable coins, USDT, USDC , etc.


Cardano (ADAUSD) Weekly Chart Analysis
@alansantana

We can clearly notice the bear market that started right after the August 2021 price peak.

It is a long/strong bear market.

How do we know if the bottom is in?
Or better yet, how do we know that we will have a bullish wave/relief rally?

Easy.

Notice that we have a low set on the 9-May candle (this is marked on the chart - the candle closed as a hammer which signals a potential low).

One month later, on the week of 13-June, also marked on the chart, you can notice a perfect Doji with a -9 count on the TD Sequential that ended in a higher low.

That's all the information we need.

The 9-May hammer set the low and this is confirmed by the higher low on the -9 Doji 13-June.

The high volume is also a giveaway.
Such strong volume yet prices remain the same.
Accumulation I should say.

From this point forward we can expect a relief rally based on the signals mentioned above.

This rally can last several months and then boom, out of nowhere comes a sudden crash and then another low...

Let's focus on the present moment...

Cardano is getting ready to grow!

Hit like if you enjoy the content.

Thanks a lot for your continued support.

Namaste.

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