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harisonhbn9718
Sep 7, 2021 9:12 PM

ADA/USD: Bought in the Dip!!! Long

Cardano / US DollarBinance

Description

I buy Cardano spot contract as I use this Fibonacci analyze with confluence that in this level $2.40 USD it's show us a good support.



Cardano formed a bearish rising wedge in the higher zone between $2.90-$3.10 USD, And today, Cardano drop over 22%, that was incredible voaltile movement what Cardano do.

Now, I look that I mark Fibonacci retrocement from $1.24 USD to $3.10 USD and show us that make support in the 0.382% of Fibonacci meanwhile I mark another fibonacci retracement in H8 timeframe from $1.86 USD to $3.10 USD and we look that make support in the 0.618% of Fibonacci.

Now, I buy Cardano in the dip to hold this position toward $4 dollar. Now, I see that this it's a confluence what Fibonacci make. I put in long position in ADA buying in the DIP.
Comments
chevereangel
After another pump and dump with the release of smart contracts on Sept 14 - Cardano is going to .8 - $1. Make sure to book your profits.
Matthewsan
@chevereangel please use some form of intelligence when commenting on T/As please. Please delete @chevereangel comment @TradingView. Thank you
chevereangel
If I had said it's going to $20, like every other comment in here you would not have said anything. Request to delete my comment all you want, it will still happen. Moonbois will be moonbois
ktrinh042
@chevereangel, FYI, it's September 12th, 2021
chevereangel
@ktrinh042, Thanks!
Matthewsan
@chevereangel 1.73 is the lowest it will go, def not .8-1.00 lol
ya3rshkz
Hi, I have always used your comments and analysis about Cardano and thank you. How likely do you think it will be to buy back at a price of 1.8?
ArmanShabanTrading
Amazing 👌🏼
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