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Rhaonnor
Feb 19, 2022 7:25 PM

ADA at demand zone. Long

Cardano / U. S. DollarKraken

Description

Hello to everyone,
ADA is testing once again the psychological support at $1.00. This level was tested successfully several times in the past. A bullish confirmation will come after the bearish trendline break out and a stronger signal after the resistance break - near $1.50.
The current price gives a high R/R ratio for long positions.
Current tensions between Russia and Ukraine may drag markets even lower but I don’t believe this can affect the markets in the long run.
If the support level break, I think it will be for a short period of time – maybe a few days.
Market seems healthy, so be careful with your short positions.
Stay to your plan & always do your own research.
Comments
dmaster12
It has to bounce !!! all ppl start buying now !
Rhaonnor
@dmaster12, Thank you for your comment. Only whales are buying now. Unfortunately, most people buy the tops and sell the bottoms.
dmaster12
@RhaonnorCrypto, to many ppl think thats how the game works: Buy high sell low :) to funny hehe
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