ADA EMERGENCY UPDATE: DONT CALL THE FUD!!!
ADA EMERGENCY UPDATE!!
I have seen a lot of FUD because of ADA's flash crash; double tops, going back to 1$, ADA is like DOGE or XRP. No, no, no, no, no, no and no!
All wrong! I bet you are looking at ADA after the crash and are like: WTF?! Read this and calm down!
FLASH CRASH / LONG SQUEEZE
Since everyone was dropping mad LONGS on ADA just like I told you in previous updates, market makers decide to squeeze you out of your long, they always do that!
Secondly we had a bunch of people shorting the ATH which created more selling pressure, check my last ADA chart I warned for a drop there.
Lastly, we had Coinbase absolutely f*cking up the price at the listing; opening with 1,65$ and even touching 2$, ofcourse that freaks traders out if ADA is 1,40$ on other exchanges.
SHOULD IS SELL MY ADA?
The answer is no! Due to this pullback we had to chance to see how healthy this pump is and I can tell you; it is very very healthy.
As you can see we found support well above our bull market support line; its simple; if we stay above this line we will climb to at least 2$ in the short / middle term (a few weeks, not months) if we drop below the bull market support line, we could see a pull back and a short term bear market, still even then; 2$ is imminent in this bull run.
LONG ENTRY
I see possibilities for a MASSIVE long entry, just like my last update, check chart for entry and targets.
And yes, Im still in my old long (+300%) and im not gonna sell!
WHEN DO WE PUMP?
The pump can start anytime from now, personally I expect the biggest pump to come afternoon / evening times PT, so that would be coming night and the night after.
This weekend will be massive for ADA and we could already reach 2$ in a few days, I am not saying we will but it is possible! Do you understand now how much money market makers need to pay to those who long?
Exactly and thats why they flash crashed the market to liquidate or stop you out, luckily for me and you all, we had the signal well before the pump and to stop us out they'll have to literal;ly crash the whole ADA market.
Not gonna happen! ADA is not gonna crash and if you bought the top, chill out and be patient! Look at the orange bull market support line, it goes alllll the wayyy to 2$ and beyond. Time is on your side, dont freak out!
Simple TA: all ADA pairs are bullish for Cardano, thats it! Dont be played by CZ and the gang, they love to take your money and your ADA, dont get rekt!
CURRENT SITUATION >>> ADA 24HR CHANGE: +4%! // FOLLOW THE TREND AND DONT CREATE FUD, WE HAVE 2 TRILLION TO DOUBLE SPEND!
IMPORTANT: I dont give financial advice, I only state my opinion based on my knowledge of markets and TA, invest or trade at your own risk and research.
I have seen a lot of FUD because of ADA's flash crash; double tops, going back to 1$, ADA is like DOGE or XRP. No, no, no, no, no, no and no!
All wrong! I bet you are looking at ADA after the crash and are like: WTF?! Read this and calm down!
FLASH CRASH / LONG SQUEEZE
Since everyone was dropping mad LONGS on ADA just like I told you in previous updates, market makers decide to squeeze you out of your long, they always do that!
Secondly we had a bunch of people shorting the ATH which created more selling pressure, check my last ADA chart I warned for a drop there.
Lastly, we had Coinbase absolutely f*cking up the price at the listing; opening with 1,65$ and even touching 2$, ofcourse that freaks traders out if ADA is 1,40$ on other exchanges.
SHOULD IS SELL MY ADA?
The answer is no! Due to this pullback we had to chance to see how healthy this pump is and I can tell you; it is very very healthy.
As you can see we found support well above our bull market support line; its simple; if we stay above this line we will climb to at least 2$ in the short / middle term (a few weeks, not months) if we drop below the bull market support line, we could see a pull back and a short term bear market, still even then; 2$ is imminent in this bull run.
LONG ENTRY
I see possibilities for a MASSIVE long entry, just like my last update, check chart for entry and targets.
And yes, Im still in my old long (+300%) and im not gonna sell!
WHEN DO WE PUMP?
The pump can start anytime from now, personally I expect the biggest pump to come afternoon / evening times PT, so that would be coming night and the night after.
This weekend will be massive for ADA and we could already reach 2$ in a few days, I am not saying we will but it is possible! Do you understand now how much money market makers need to pay to those who long?
Exactly and thats why they flash crashed the market to liquidate or stop you out, luckily for me and you all, we had the signal well before the pump and to stop us out they'll have to literal;ly crash the whole ADA market.
Not gonna happen! ADA is not gonna crash and if you bought the top, chill out and be patient! Look at the orange bull market support line, it goes alllll the wayyy to 2$ and beyond. Time is on your side, dont freak out!
Simple TA: all ADA pairs are bullish for Cardano, thats it! Dont be played by CZ and the gang, they love to take your money and your ADA, dont get rekt!
CURRENT SITUATION >>> ADA 24HR CHANGE: +4%! // FOLLOW THE TREND AND DONT CREATE FUD, WE HAVE 2 TRILLION TO DOUBLE SPEND!
IMPORTANT: I dont give financial advice, I only state my opinion based on my knowledge of markets and TA, invest or trade at your own risk and research.
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ADA 24hr change on Binance: -1%, we are trading at levels that we loved 24 hours ago. Finding decent support here guys! Dont fud, buy the dip! :)
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UPDATE: we are reversing up again, lets go!
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UPDATE: Ok guys, looking good, keep an eye on that massive support turning into resistance box. We might break that box this weekend and then we can have fun! If not; I expect more sideways action or some more lows. Lets see...
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UPDATE: grandpa BTC formed a double top like many other alts. ADA dropped an head and shoulders and is dropping below bull support; doesnt look good for the short term. Next target is the green & red accumulation box, dropping below the red line is very bearish. So, long term bullish targets are still on, you now have to be patient to get there. As soon BTC bottoms out, alts will fly. Question is where that bottom is...
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UPDATE: we saw nice support in the accumilation channel and it now broke to the upside. small W formation hints to more upside. Lets hope ADA gets back above the bull market support band! Patience is key.
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UPDATE: if you are still here; good job! ADA is getting ready for a breakout and is finding nice support at 1,17$... I see a breakout happen in the next 2 weeks with a new ATH (if you dont count CB pro) as a target: 1,60$!
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ADA UPDATE: at the crossroads
Important update on Twitter on 10x Club, a weekly newsletter curated by me containing research & analytics on the crypto market & the amazing opportunities during the bear market - Check my Twitter or website link below:
15 min: oversold (30)
1hr: oversold (37)
4hr: neutral (54)
15 min: is reversing upwards; setting a higher low and a higher high.
1hr: reversing setting a higher low compared previous low at 27.
4hr: curling upwards, setting a higher low (33 vs 27).
A reversal upwards is imminent, we have to be patient.