Hello friends, Cardano is going though an ascending triangle were there is only one way out witch is upwards for the near future.
However for the near term we are experiencing a bounce up towards the 1.38. I expect from there to revisit the 1.07 area to fill the lower gap from the recent 40% gain we had (we filled the upper gap already). Once we filled that gap, ADA shall continue it's way upwards not necessarily straight up within that ascending triangle until we have breakouts through the 1.50 resistance and BOOM!
Cardano is very very bullish, for the long term investment you are the winner here, as I expect ADA to reach the $3 range in the next 2 months.
Trade at your own risk.
However for the near term we are experiencing a bounce up towards the 1.38. I expect from there to revisit the 1.07 area to fill the lower gap from the recent 40% gain we had (we filled the upper gap already). Once we filled that gap, ADA shall continue it's way upwards not necessarily straight up within that ascending triangle until we have breakouts through the 1.50 resistance and BOOM!
Cardano is very very bullish, for the long term investment you are the winner here, as I expect ADA to reach the $3 range in the next 2 months.
Trade at your own risk.
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I must note here that the lower gap between the 1.18 and 1.07 may not be filled at all if the Bulls are buying heavily around the 1.38 and that we may continue upwards from there. Specially that the lower gap is a runaway gap are caused by increased interest in the coin.
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Little update on where we are now.
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I was looking at the ADA chart on Coinbase, WOW they messed up for us very badly the chart, they open up $1.85 causing many to sell at this sudden high price, and why not I would have sell if I had that opportunity. But they messed up the chart causing the market for a sudden drop to 1.24 and from there you know the rest of the story.
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coinbase is doing it again lol, moving 3 cents more than any other exchange at some points.
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Pull back is happening now, as the price get breakout of the ascending wedge. lets se how low can go and if the 1.24 to 1.20 doesn't hold, the the 1.07 must be tested.
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This is from Coinbase chart, the ascending wedge is still holding and no breach. So witch to follow lol
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Coinbase looks like more accurate to me, the activity on that exchange is more heavier than Kraken or Bittrex. So far no breach but on the border...
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Coinbase is holding on the Chart very well from breaking out down
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ADA is holding very very well on all platforms, So much selling but so much buying in reverse. WOW, I'm holding on regardless anymore, It's showing that the bulls are determined to defend their interest.
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Good day everyone, We have ADA is about to get exit the small descending triangle wedge as you see in the picture, We should expect to reach 1.31. If we are lucky enough that we push beyond the 1.34 means that we are back strong in the game towards the ATH 1.50 1.52
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Just a small update on the previous one, Incase we have the breakouts from that descending triangle from below witch is possible also 1.24800, than we will continue downwards towards the 1.20.
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I just like to share with you the 4hr chart, you see those 3 red blocks in that circle means Bearish continuations is High. I think for the next few hours we may see ADA sink a bit because of that. Hope I'm wrong.
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Fox, looks like we are heading towards the 1.10 - 1.07 area after the breakout from below of the Descending triangle. From there we should have a massive bonce back up.
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Fox, looks like we are heading towards the 1.10 - 1.07 area after the breakout from below of the Descending triangle. From there we should have a massive bonce back up.
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Short term update: follow the picture down to 1.20 before we bounce up to 1.27
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New update: we may have slow bleeding till we reach the 1.09 now. The wedge is extended toward that level
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fox, we are near the free fall from 1.16800 to 1.10 after a long slow bleeding and state of denial that the Bulls tried to stop. The Bears are in full control till that gab is filled. A fast bounce from 1.10 to 1.07 could give us back most of this drop.