🔵 ADA (Cardano) on the weekly timeframe is holding a strong bullish trend 📈. We can see price has retraced into the Fibonacci 50–61.8% zone 🔢, which is typically a pullback into equilibrium ⚖️—an area often considered an ideal continuation entry in line with the trend.
👀 My bias remains long, but let’s break it down further:
📊 On the 4H chart, price action suggests a potential base forming—possibly big money accumulation 💼💰. That said, we don’t yet have a decisive break above to confirm.
🔎 Zooming into the 30M chart, the recent downtrend has been compromised with a shift in structure to the upside 🔄📈. What I’m waiting for now is:
1️⃣ An expansion above the previous high
2️⃣ A retracement and retest
3️⃣ A potential buy opportunity in alignment with trend ✅
This setup also aligns with a possible Wyckoff accumulation 📚—we’ve got relative equal lows, and a liquidity spike below could create a springboard for more bullish activity 🌱🚀.
⚠️ This is purely educational and not financial advice 🔒
👀 My bias remains long, but let’s break it down further:
📊 On the 4H chart, price action suggests a potential base forming—possibly big money accumulation 💼💰. That said, we don’t yet have a decisive break above to confirm.
🔎 Zooming into the 30M chart, the recent downtrend has been compromised with a shift in structure to the upside 🔄📈. What I’m waiting for now is:
1️⃣ An expansion above the previous high
2️⃣ A retracement and retest
3️⃣ A potential buy opportunity in alignment with trend ✅
This setup also aligns with a possible Wyckoff accumulation 📚—we’ve got relative equal lows, and a liquidity spike below could create a springboard for more bullish activity 🌱🚀.
⚠️ This is purely educational and not financial advice 🔒
📢⛔️ STOP LOSING MONEY IN THE MARKETS!
Most traders fail because they trade without an edge.
🚀 FIX IT HERE 👉 youtu.be/ajQsLgg904E
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Most traders fail because they trade without an edge.
🚀 FIX IT HERE 👉 youtu.be/ajQsLgg904E
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📢⛔️ STOP LOSING MONEY IN THE MARKETS!
Most traders fail because they trade without an edge.
🚀 FIX IT HERE 👉 youtu.be/ajQsLgg904E
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Most traders fail because they trade without an edge.
🚀 FIX IT HERE 👉 youtu.be/ajQsLgg904E
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.