ADA is slowing down, that's ALL! No fear for losing ground
Hello everyone, Yes we did not form a Higher high on the daily chart to continue uptrend for NOW!, but it's only a small hiccup due to the more consolidations needed for the daily chart. I'll go to the point directly!!! Do not be afraid, we are not going to lose the uptrend. the support we have $1.09 is a a very strong and massive that will hold the bears, in case that was a retreat it will be between $1.02 and $1.09 back and forth until we form a descending wedge that will eventually breakthrough upwards towards the $1.38.
If the wall of 1.09 hold witch I believe it will, we are going to have a sideways trading between 1.09 and 1.18 until we have a narrow squeeze between 1.09 and 1.12 and breakthrough will happen upwards towards 1.38 also.
Friends, without going into a much details, on the hourly chart we are in very good shape, we are trading below the EMA200 witch is good for uptrend setup, on the daily chart we are away a bit from the EMA200 but remember ADA has no resistance seen in the near future, in fact the road is open for more growth from here.
We have a 3 major support that I can't see the bears can go through, 1.09 ; 1.02 ; 0.95 and 0.77. each one of them has billions of shares bought at that level. in Conclusion ADA Cardano still have the most profitable setup in the near future than many coins.
Please trade at your own risk....
If the wall of 1.09 hold witch I believe it will, we are going to have a sideways trading between 1.09 and 1.18 until we have a narrow squeeze between 1.09 and 1.12 and breakthrough will happen upwards towards 1.38 also.
Friends, without going into a much details, on the hourly chart we are in very good shape, we are trading below the EMA200 witch is good for uptrend setup, on the daily chart we are away a bit from the EMA200 but remember ADA has no resistance seen in the near future, in fact the road is open for more growth from here.
We have a 3 major support that I can't see the bears can go through, 1.09 ; 1.02 ; 0.95 and 0.77. each one of them has billions of shares bought at that level. in Conclusion ADA Cardano still have the most profitable setup in the near future than many coins.
Please trade at your own risk....
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We still on the same plan, I expect a breakout to 1.19 very very soon from the 1.10 area, will it be the one we waiting for? we will know and confirm when we are there.
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Last time we have the daily RSI at -51.10 we rise up 324%
We are at -54.88 now, so you can imagine if at least we have the same ride, that will put ADA at $3.60
We are at -54.88 now, so you can imagine if at least we have the same ride, that will put ADA at $3.60
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Target of 1.02 has reached for the bottom, the descending wedge is formed, expect a rise to 1.15 and just follow the pattern on the picture, eventually we will have a breakthrough upwards.
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We are on the move upwards guys, We are back into the descending wedge, means we are on the right track for winning :)
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8% up already from the lowest .98
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watch the 1.19 if ADA breakthrough, no significant resistance ahead. If we don't, it's ok We just needs a bit more time and we should stay within the descending wedge between 1.18 and 1.03 for a bit before the take off after a while.
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Crossing up the soft resistance 1.16, heading to 1.19 1.20. if this resistance diminish, BOY a BOY we will be flying ;)
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