This is a very simple analysis based on ratio analysis.
Based on the last several waves down ADA saw a 81%, 80%, and most recently, a 79% retracement.
These ~80% retracements were then followed by a 150% and 132% bounce.
Therefore, if this pattern continues we should expect ADA to make a nice run to the 800 sat level. Coming to about a 100% return from the 400...
Cardano (ADA). One of the majors finally breaking a massive range after 6-months of sideways continuation.
Usually, these accumulation ranges indicate a bottom, especially when they make such a scamwick as Cardano did a few weeks back.
How is this setup defined?
Well, the major resistance was 535-550 satoshis. That’s broken to the upside.
A retest of this...
Ill keep this short and simple.
If your not long, your wrong.
ADA has triple bottomed in support.
Clear accumulation phase inside 400 sat region.
...Its time to shine ADA...
**There is a lower high downward trend showing its cards..
BUT!
We will break that wall down with ease.
Trust the process.
ADA PRIME XSR SIGNAL:
Entry: 470-475 sats
Target 1: 492...
ADABTC moving in uptrend channel touched support line and go to resistance line 0.00001500 area
Local we formed triangle with potential break out up
We are above all MA50,100,200
First target 0.00001300 area
Waiting for the rocket
Took up a long here, 4hr BB squeeze, MACD cross, bull div, targeting the 786 from the double top down to the deep swing low. Simple set up, hopefully pans out.
Took up a long here, 4hr BB squeeze, MACD cross, bull div, targeting the 786 from the double top down to the deep swing low. Simple set up, hopefully pans out.
Just got a breakout from an ascending triangle on Cardano. We have not gotten the follow through we wanted but I have entered and remain in the trade as long as hourly higher lows hold. Targets are 0.5 and 0.618 fib levels where I will exit 2/5 of my position. I will hold the remainer as a longer term swing position hopefully leading to another daily higher high
