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Tez8
Dec 7, 2021 10:56 AM

ADA - Did you buy the Cardano "Dip"? Long

BINANCE:ADAUSDT240
Cardano / TetherUSBinance

Description

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SUMMARY: Long, this may be the last heavy correction before the end of the crypto Bull Market that started in October 2020.


Cardano is one of the most solid blockchains available and is 60% off its recent highs.


Are you buying this dip?


The sell off was driven by the BTC dump , extended further by leverage flush. Also news that BitTorrent was delisting ADA.

However, the much bigger and older Crypto Exchange Bitstamp recently added ADA to offerings.

Comment

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On the 1H price is above the EMAs bullish uptrend

Bottom was confirmed already , with large volume.

Trend AnalysisWave AnalysisFundamental Analysis
Comments
lesteban
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The fundamentals are very strong, DEXs is coming
Tez8
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@lesteban, I hope so
UnknownUnicorn32206912
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Noted
AlexVitori
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Bittorrent and ADA were delisted from eToro
Tez8
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@AlexVitori, cheers, I couldn't remember eToros off the top of my head.

There are not the most important exchanges.

Coinbase & Binane list them, it has all the liquidity it needs.

There are always DEXs in play too.
ibrhx
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I sold at 1.449 hoping for another dip so i can re enter at a lower price, how far down do you think it will go?
Tez8
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@ibrhx, I believe that was the low & it is back in an bull market up trend.

It retraced for 3 months already and $1.20 is the reversal.
In general, crypto is in a strong bull market. I think FOMO stage is coming in the next weeks and months.
coolestcool
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Ok... now what?
Tez8
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@coolestcool, set your take profit targets .If you are not selling, look at staking options. :)
coolestcool
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@Tez8, Thank you
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