This is not a trading or business advice
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Good morning everyone,
I Being a personal Holder of Cardano since a long time now, but currently the recent moves of BTC and the market (thanks Elon & Cie) means for me a deeper correction (for the middle short therm). And its great for us. This means it's a great relief for the coin after this first run, and this also means its a great entry point for you for the futur.
For cardano we could be dealing with a descending wave (there is still some intermediate support), if we put the height of the downwards triangle this gives us approximately the big support zone around 1.60$.
ENTRY : 1.99 - 1.65
STOP Below 1.60
if we break (UP) and confirm to the north in the next few hours this analyse is invalid.
if we break below 1.60 (unlikely) .... no comment
-------------------
Good morning everyone,
I Being a personal Holder of Cardano since a long time now, but currently the recent moves of BTC and the market (thanks Elon & Cie) means for me a deeper correction (for the middle short therm). And its great for us. This means it's a great relief for the coin after this first run, and this also means its a great entry point for you for the futur.
For cardano we could be dealing with a descending wave (there is still some intermediate support), if we put the height of the downwards triangle this gives us approximately the big support zone around 1.60$.
ENTRY : 1.99 - 1.65
STOP Below 1.60
if we break (UP) and confirm to the north in the next few hours this analyse is invalid.
if we break below 1.60 (unlikely) .... no comment