Now that things are starting to look better we can finally zoom out.
The naysayers will be the first to say "Hey, too soon no signals"... And that's ok, we understand.
- We look for bullish developments as bullish signals, which is normal. - We look for confirmation to confirm that something is already happening...
But we use these charts to predict ahead of time when a reversal will come.
This is the inverse method...
- Hitting support which is bearish can be used as a reversal signal. - Breaking below a strong support can also be another bullish signal. - An over-extended bearish wave can also be a bullish signal. - An RSI that is extremely weak is also a bullish signal, in fact, what we call "oversold" on the RSI is actually defined as "weak" on the indicator.
Cardano (ADAUSDT) went on and on hitting new lows. - The Ethereum Merge didn't hit a new low. - Binance Coin didn't hit a new low recently. - Polygon didn't hit a new low and that's your bullish signal.
As Cardano decided to go lower and lower, the lower it goes the higher the probabilities of sudden change. Notice the trading volume goes lower and lower... The bears continue to lose strength.
Now, we have 4 consecutive daily candles closing GREEN after a new low. ADAUSDT moves above EMA10.
We have a very strong bullish divergence on the RSI since October and divergences show up before things start to change.
Get ready!!!
Our beloved Cardano will reward those who patiently wait.
i did not get in on this one but congratz to everybody who did
maroff
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only nice idioms doesnt bring the truth: "the lower it gets, the more it grows"... really? oh wow, what a genius. tell the people who bought at 1$. Folks: Alan is talking nonsense all day long, go and check his last "views" and see how they worked... you will end up like all of his numerous followers: you will never like any idea of him, believe me.
fadz911
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🙏 what's next, Mr. Santana
peterbhc
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Alan, today ADA should have 1D lagging span breakout close above the cloud, first time since AUG 2021, which then went on a fantastic +80% rally. I do think ADA is overdue for some massive pump and a lot of development will be released on chain improvements very soon
saynab44
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please update us om good buying opportunity on ada.
i did not get in on this one but congratz to everybody who did