The answer in short = Yes!
On December 2021. It happened.
ADA up-trended from $0.1263 to $2.47 in just 20 weeks. There was bag holders (Strong Resistance), they decided to sell their primary bags in just 1 week. ADA dumped to $1.010 on 17 May 2021 and again to $1 on 21 Jun 2021. ADA investors filled their bags at $1.02 on 19 July 2021 to get ready for the last pump trip at $3.1010 in just 7 weeks, then bleeding or as it calls (Panic Sellers).
ADA down-trended slowly to $0.4019 in 36 weeks, there wasn't strong support at $1.3 or $0.8 levels.
What can you do as mid-term and long-term investor?
As long as ADA below $0.8, you can fill your bag at this level and living with a peaceful mind.
As pro trader, you are free to handle and get some profit from now to $0.8 at your own risk.
According to weekly chart:
If ADA does cross up $0.8 level, we will see $1.18 and $1.27 levels again.
If ADA doesn't break up $0.8 level in next weeks, we will see $0.22 level.
DECIDE AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)
On December 2021. It happened.
ADA up-trended from $0.1263 to $2.47 in just 20 weeks. There was bag holders (Strong Resistance), they decided to sell their primary bags in just 1 week. ADA dumped to $1.010 on 17 May 2021 and again to $1 on 21 Jun 2021. ADA investors filled their bags at $1.02 on 19 July 2021 to get ready for the last pump trip at $3.1010 in just 7 weeks, then bleeding or as it calls (Panic Sellers).
ADA down-trended slowly to $0.4019 in 36 weeks, there wasn't strong support at $1.3 or $0.8 levels.
What can you do as mid-term and long-term investor?
As long as ADA below $0.8, you can fill your bag at this level and living with a peaceful mind.
As pro trader, you are free to handle and get some profit from now to $0.8 at your own risk.
According to weekly chart:
If ADA does cross up $0.8 level, we will see $1.18 and $1.27 levels again.
If ADA doesn't break up $0.8 level in next weeks, we will see $0.22 level.
DECIDE AND TRY TO MANAGE YOUR WALLET WITHOUT LOSING. HAPPY TRADING ;)
Trade active:
ADA declined to stay below $0.31, and goes up to $0.35 level again.
We must see ADA stable above $0.45 level to see $0.6 and $0.8 levels.
Pro Traders: Scalping between $0.433 - $0.247 at your own risk.
Mid-term & long-term investors: Buying below $0.40 level is still a good opportunity.
Note:
- SVB news and next federal meeting on march can affect on crypto market prices.
- Bitcoin price can affect on ALTS vs USDT. Handle it with SL.
We must see ADA stable above $0.45 level to see $0.6 and $0.8 levels.
Pro Traders: Scalping between $0.433 - $0.247 at your own risk.
Mid-term & long-term investors: Buying below $0.40 level is still a good opportunity.
Note:
- SVB news and next federal meeting on march can affect on crypto market prices.
- Bitcoin price can affect on ALTS vs USDT. Handle it with SL.
Trade active:
ADA couldn't stay above $0.4 and dumped to $0.38 level.
We must see ADA stable above $0.45 level to see $0.6 and $0.8 levels.
Pro Traders: Scalping between $0.461 - $0.354 at your own risk.
Mid-term & long-term investors: Buying below $0.40 level is still a good opportunity.
Note: Avoid fake news and Bitcoin price can affect on ALTS vs USDT. Handle it with SL.
We must see ADA stable above $0.45 level to see $0.6 and $0.8 levels.
Pro Traders: Scalping between $0.461 - $0.354 at your own risk.
Mid-term & long-term investors: Buying below $0.40 level is still a good opportunity.
Note: Avoid fake news and Bitcoin price can affect on ALTS vs USDT. Handle it with SL.
We can see ADA at $0.25 level again.
Pro Traders: Scalping between $0.3827 - $0.3044 at your own risk.
Mid-term & long-term investors: Buying below $0.40 level is still a good opportunity.
Note: Bitcoin price can affect on ALTS vs USDT. Handle it with SL.