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Mihai_Iacob
Nov 3, 2021 3:23 AM

Cardano- Losses should be limited from now on Long

Cardano / United States DollarCoinbase

Description

Since the beginning of September, Cardano is on a downtrend, which in my opinion is in fact a correction for the 1 to 3 move up.
October was a month of range trading and accumulation for this coin
At this moment the price is 1.95 and a new spike down is not out of the question.
Bulls can see this spike down as an opportunity to go long in 1.8 zone, support marked by a lot of highs and lows on our chart and also by 61% Fibo
The first target can be 2.3, but I wouldn't be surprised if Cardano will reach a new ATH in medium-term

Comment

First target reached
Comments
Helical_Trades
I like your idea
Mihai_Iacob
yonsfx
keep up the good work
Mihai_Iacob
@yonsfx, thanks for comm
LA_Designer
Agreed. I don't see it going below the .618 unless BTC dumped hard. Looks like a massive falling wedge.
Mihai_Iacob
@LA_Designer, Yes, indeed
I will look to buy this coin
saynab44
so wait to buy for lower prices or buy now?
CryptoWhale100Billion
Prob hit 2.50 and pullback.
mohammadmdh78
welldone
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