ADA failed to break down after the triple top failed! The minute that bull bar on November 21st at 19:00 closed near its high, a short position should have been closed for a break even. We're still below the resistance zone. It would have been reasonable to long that bar given the multiple failed attempts to break to the downside.
How do we trade this?
The...
Cardano's price can go much higher than expected in the future. Other a lot of crypto is now on the 5th wave to finish the rally but Cardano is most probably waiting for the 3rd wave to push higher. Some people can count the recent top as a 3rd wave but I am counting this as a 1-2, 1-2 because if you count as a 1-2-3-4 then there is an overlap happen between 1 and...
Cardano pullback at strong support. Make reversal, above EMA 20, EMA 50 TF Daily. Also break Resistant Area around 1.454 -1.500
Target price around 2.325 at Area Fibonacci 0.618 also Resistance Area with Stop Loss at Support Area 0.986 - 1.062
Looks previous idea here:
note: only take position after confirmation and do your own research before...
Cardano is going to make make a new low around $0.90 to finish the correction as a WXY complex correction on the 4th wave. We are currently on the 3rd wave of the C of (Y) of ((4)). Most probably we can see the bounce from trend-line support and for now no buy position.
DISCLOSURE - Please be informed that the information I provide is not a trading...
Cardano almost on the last support area.
Price around 0.986 - 1.062
Price previously reversal there, just wait and see before take position because for now still too risky.
Wait for confirmation before take any position.
note: only take position after confirmation and do your own research before trading.
- As seen from the illustrated chart, we broke down from the 3.10 level and met our shorted target (vertical green arrow.)
- While we continue to build up momentum heading sideways in the descending triangle our next key target of resistance is the 0.786 Fib @ 2.92.
- After breaking this level with continuation to the upside, the Mid term target stands at the...
#Cardano looks like in a decent uptrending pattern, looks bullish but #Bitcoin has to lead other Cryptos continuous bull run, BTC is struggling to break resistance of $41.5k, making other cryptos also vulnerable.
~Happy Trading.
Alright folks,
I did sell my position for a small profit, will only buy back once we see an uptrend for a Trade.
PS: We are still in correction but overall bull run is still intact, Corrections are very tricky and can never be correctly analyzed as it's triggered by a lot of bearish/bullish news media attention, until that cools off, bears will stay active...
I wanna congratulate everyone with fast profit who followed my idea. Hope you made a ton, Enjoy !!
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