CARDANO - Buy Setup Forming!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

ADA is sitting around strong support in blue (1.500) so we will be looking for buy setups.

Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?

on M30: ADA is forming a channel in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, ADA would be overall bearish can still trade lower inside the blue support before going up.

and if the blue support is broken downward (Daily timeframe) then the next support would be around the green 1.0 zone.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich