botje11

ADA Cardano at a Crossroad, Bearish wedge or stil IH&S

BINANCE:ADAUSD   Cardano / US Dollar (calculated by TradingView)
Several Alts show the same picture as ADA' is showing here at the moment. The move up are getting weaker lately and it has turned into the shape of a bearish wedge . The volume is not perfect for a wedge though, also thinking about the holiday's the past 10 days or so, the volume picture might be even completely wrong. For now i think it's important to watch the range on the left, between the red and green zone. We can zee a small bullish wedge against a small H&S . I still think the past week might all be noise because of the holiday's, i am just not sure about it. A year ago there was no noise, but that was because the hype was extreme those days. So i would just stay open minded between the 2 levels and make your decision after it breaks.

My personal assumption is, the real direction of the market will be shown next week, from around Monday, assuming volume increases again.



Previous analysis:
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Hey dude, your analysys alwasys rocks :D Can we have an update on ADA? Is going trough all the resistance till 10 cent :D
+1 Reply
Cardano is very tentative crypto right now. But it is expected to reach the highest price within this year. ADA raised in 0,75% in the last 24H, and this still not the end. As long as you’re ready for the sudden fluctuations, it will be easier for you to hold the Cardano for a longer period of time, just keep in mind that it is not a blue-chip cryptocurrency ;)
+2 Reply
My man...thank you buddy.:-)
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I'm really thinkin it's about to be the 5th wave for most of these alts
+2 Reply
I believe BTC and Alts prices will go up more this wekend.
+4 Reply
@Zenter, yeahhh!!!!
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Thanks David- a huge ADA fan/trader so this was much appreciated. Future ADA follow-ups would be awesome if you have the time,! ;-)
+9 Reply
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