My long term plan for ADA, but I don't even know what tomorrow will bring. Invalidation is when the yellow line is broken, if there was testing and buying with enough volume I would consider this to be the eventual end of the accumulation phase. No trading advice.
The market is still following your chart... Do you think we can hit 10 cents ???
trader-123456
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@fadz911, Hi, I think the chance of achieving the goal is good. From ATH she went to -92%, if she went to my target it would be -96%, not much difference anymore. Anyway, if one believes in the future of ADA, then it makes sense to start accumulating slowly and buy the biggest part if it is at the bottom. It certainly makes sense to pile up here (rather a bit lower) than at ATH (as it usually happens). But I would be very careful with a large investment in ADA. It is currently in the accumulation phase, how deep it will go depends on many circumstances that I do not follow, I only follow the chart and it tells me that there is possibly room for more than -50% depreciation. I have yet to see the extreme fear where everyone says cryptocurrencies are dead and I want to buy there. If it doesn't work, buy later on the first sale (bear trap), this is still the best method (you don't have money in the market for too long, where anything can happen, especially around cryptocurrencies)
fadz911
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@trader-123456, Thank you so much and keep the good work
harisonhbn9718
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I thinking to buy Cardano in $0.16 cents as minimum point
trader-123456
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@harisonhbn9718, Hi, maybe yes, but the question is if it is a good idea to try to catch the bottom. I no longer consider Crypto a long-term investment, so it is better to jump into the trend later when I see at least some confirmation of the upward trend.
harisonhbn9718
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@trader-123456 well. yes. its a good idea to track when Cardano break out the bearish trend. But meanwhile. I don't believe that ADA could to drop not so long than $0.15 cents. That will be my pronostic of bottom price to watch. Lso if you noticed. Were forming a bearish pattern a descending triangle and we're in the phase 4 of elliot wave
trader-123456
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@harisonhbn9718, Hi, the pattern breaks easily. But if you believe that these vouchers distributed in Japan have potential for the future, then do not rely on the exact bottom price, because no one can accurately estimate it at the moment, gradually buy the dips of this accumulation.
harisonhbn9718
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thst may to happen. Because as Cardano forming right now an accumulstion zone. We can to bought some ADA. Notice on thing also, Ethereum forming a beaeish trend and tjis will be the ultimate to complete this cycle and Ether it's leading to the previous level to $1,200-$1,300
harisonhbn9718
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That I thinking that altcoins like Cardano follow this drop