Cardano is a project with a lot of potential and contributes heavily in blockchain infrastructure development. I think it's possible the best coin for the second wave bull run to hold. Buy next dip.
This analysis sees from the market structure that occurs. After Choch the price returns to bearish and there is a fake out. At present the price has not returned bullish, still in the correction stage. There is a possibility that the price touches the fake out area before continuing bullish. Take long when the price approaches the fake out area.
Buying #ADA/USDT (SCALPING)
$ADA reject after hit resistance trendline falling wedge pattern and back to retest on demand Area . any bullish candle rejection inverted hammer on 4h timeframe , so potential back to try breakout the resistance
Big Massive News 30 june 2022 will hardfork
Buy zone : 0.465 - 0.44 - 0.42
Target : 0.4815 - 0.5031 - 0.5332 - 0.5680 -...
Buying #ADA/USDT (SCALPING)
$ADA Breakout symmetrical triangle and now has retesting . when correction showing low volume this is good for movement
BTC potential IHNS pattern and this the reason i brave to scalping setup
Buy zone : 0.4855 - 0.46
Target : 0.5147 - 0.5432 - 0.5728 - 0.6074 - 0.6640
Stop : 0.44
Unfortunately, according to the chart, ADA has respected the area several times in the past, please see the chart again..
I am sorry for that, but the chart says more declining in the chart, unless, unless the price of ADA could retake the area again.
What's your opinion? tell me below
Technical Analysis Summary
ADA/USDT
TREND ANALYSIS
We have 1 downtrend trend in red color
FUTURE PREDICTIONS
We have many resistanse and support levels that I have mentioned above.
I use thickness as an indicator of stregth of levels (ONLY FOR VISUALS).
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
Trading...
I expect it to move along the Schiff Canal line. After crossing the median of the regression channel, prices will relax. I think the real trend will start after the median. So, I'm waiting for the real rise after the $2.5 correction. At the moment, we can see a pullback to the $2 levels. You can look at the Trend levels from the Heatmap I published.
NOTE : This...
First of all, you can find the areas used in the analysis chart by looking at the chart below.
My thought for the current situation is that it enters the green area and tries to create a support area for itself there. (3 Candle rule) .
The green circle can be considered as the necessary safe zone for the trend.
The green ring below the green circle is the...
Price dropped more than 30% from the high. Now, it's no a good time to do something and I don't see an entry point. I'll try to buy in the 1,3 -1,4 area. Only with SL.
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3 days ago, I wrote about 2 entry points. The first scenario has happened. Congratulations to everyone, 25%!
What's next?
We built a local trend line. I see the entry point only breakout it and retest. Before that, I won't do anything.
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The coin has secured itself over a large range. The resistance level of 1.96 was also formed. The best scenario rod ADA is slow squeezing to this level. If it happens, it will form a good breakout pattern.
The trader's main mistake is to see one scenario and not be prepared for another. So if the price falls in the range zone - a good entry point would be 1.748....
Hi guys as mentioned in chart it is testing a very hard resistance so if it clears this resistance then enter a long position after that it would be a nice long position
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