(ADA) Cardano's long-term bullish cycle starts now I have somet

Sep 8

I have something to show you and this is pretty nice. You know we are big on Cardano as this project is offering one of the greatest opportunities right now. When a Crypto project underperforms during a big cycle, it tends to compensate on the next one.

If the previous bullish cycle wasn't strong enough for ADA, this one can be huge—a new all-time high.

ADAUSDT (Cardano) Technical Analysis

There are always so many signals and so many indicators to consider; sometimes it is very hard to read a chart because the signals can be mixed. Sometimes it can be hard because our perception is clouded or we just can't tune with the market flow.

At other times, reading the chart and making an accurate prediction can be extremely easy, we just have to keep it simple focusing on the signals that have been proven to work; over and over, again and again. That's why we are going to be looking at MA200.

ADA's daily RSI is trading within the bullish zone, the same for the MACD and STOCH. The classic oscillators are all pointing towards strong bullish action. They all support a nice rising wave.

MA200 is the indicator I wanted to look at and how ADAUSDT has been behaving around it. Whenever such a strong level gets challenged as resistance, normally there is a correction or retrace. Only after several attempts does it break.

Here we can see how MA200 was challenged first in late August, then the classic retrace followed by a new challenge. This time, MA200 has been conquered as resistance. ADAUSDT is now trading above this level. Shy, but still above it.

When the action moves above MA200 on the daily timeframe, coming from a low point, this confirms that a bull market is about to unfold. Normally, this signal indicates that we will see at least 6 months of bullish action and this would be only a portion of a bigger and broader bull market.

This is all we need to know. These are simple signals, classic signals, but they tend to work more often than not.

Growth is set to happen long-term; but, this signal is still an early one. There can be more fluctuations before the rising wave. Only after several sessions close above this level, can we say for sure the signal has been confirmed.

When looking at the rest of the market, we know what to expect.

We are going up. Crypto is going up!

Thank you for reading.

Namaste.

Sep 21

Trade active

ADAUSDT is producing a bullish continuation. $0.43 as the next target is now confirmed. This would be the minimum mid-term. Long-term growth is starting only now. Higher highs and higher lows for years to come. This is what will happen with Cardano and the rest of the Altcoins; this is what will happen with Cryptocurrencies from now on.