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Yuriy_Bishko
Aug 18, 2022 9:23 AM

🔥Undervalued altcoin: when will ADA start to grow? 

Cardano / TetherUSBinance

Description

Hi friends! Ada is still consolidating at the bottom despite the fact that most of the other altcoins are already pumped. As i said in previous ideas, it`s undervalued altcoin and have a great potential in 2-4 weeks. Don`t miss the pump.

Cardano create a base pattern at the bottom. If you dont know what is it and how it use, check this educational idea.


Now i want to see the fall to the support $0.49-0.52 area and pullback after the liquidity collection.

📊 Preconditions to open a long:
🔥 return to the $0.49-0.52 value area and liquidity collection
🔥 volume growth which also confirms the big players pressence
🔥 huge limit orders on the DOM and Footprint indicators. It will help to identify the largest whales support levels and open a trade with short sl and besr rr at the bottom
🔥 squeeze to the local trendline
🔥bullish BTC sentiment which help ADA reach it`s targets

If such scenaio confirms, i ll let you know. So stay tuned and subscribe!

🚩The targets:
1️⃣ $0.62-0.65
2️⃣ $0.77-0.79

💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Comments
SwallowPremium
We agree with the potential in this coin, thanks for sharing!
Vibranium_Capital
I have longterm position here, let’s go
adamicius
and what made you think the break-out was "FALSE"?
adamicius
well that worked well. I am always surprised why people do not keep it more simple... I mean the trendline was identified well. The rest was your bias
Lord_Raximus
there test net broken just today and stake pool operators are not upgrading....why was this not mentioned?
adamicius
Is there any specific reason beyond bias why we should NOT retest the lows?
TheNewsCrypto
Great Information
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