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ADA CARDANO reversal , Bearish?ADA CARDANO has been bullish for last 11 days and touched the top 2.19 .
as its overbought we can expect correction for 3 stages :
1- A weak support on1.698
2- strong support on 1.466
3- Super strong support on 1.321
lets see the market movements let ADA back to stage 1 , 2 or 3 ?!
ADA Cardano Long ADA Cardano long happening right now, entered at $1.31 USD. Needs to break above $1.40 to confirm. It is about to break the key resistance to start the next wave higher. We have been waiting for this move since late February and here it is. Just don't sell too early. Watch the 4H timeframe, the MACD just flipped bullish. Stoch and RSI have room to run. It has been consolidating in higher levels with each level of consolidation over the past few month. FINALLY, it is Cardano's time to shine!
ADA Cardano BTC 1 W chart- the beginning of a new upward movemenADA - Cardano BTC 1 W
Ranked 12th with a capitalization of 1.3 billion.
Maximum Cost (High)
0.00008788
Lowest cost (low)
0.00000396
Current value 0.00000566
Of its maximum values at the current value of the fall is 93.3%
This altcoin is interesting for purchases and holding in the portfolio of both an investor and a trader.
There is good potential in the ratio of risk and profit.
I also look at the large accumulation of volumes that took place over 168 days, which may signal that at this level someone is buying and not allowing the price to fall below their minimum values, which is 400 satoshis.
Exit from it also happened on a pulse.
And the price is above 530 which is also good for continuing the upward movement.
To start a new strong upward movement, the price needs to go through and gain a foothold above 960 satoshis, which will allow us to see the following goals, and this:
-0.00001200
-0.00001465
-0.00001760
Where we have a local high, and the second is very resistance.
Interesting prices to enter the purchase:
0.00000560 - 505
Fixing on 4 take (25%)
0.00000690
0.00000910
0.00001230
0.00001455
Stoploss - 0.00000400
The relations p \ n = 2.6
Upon reaching the first goal - stop in b \ y
This is just my opinion, and is not a call to action)
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#ADA #Cardano down retesting #Wyckoff accumulation zone#ADA #Cardano at 0.45-0.47 (50% #fibonacci retrace) just down to retest upper bound of #Wyckoff accumulation-zone at a moment, it has a potential to rebound up higher, depends on #BTC . If BTC is dump hard, next support zone could be at POC volume profile level, at 0.38 USD.
ADA Cardano ending Ascending Triangle + Trade OpportunityADA Cardano is within two months of completing an eight month Ascending Triangle (somewhat bullish). Needs a reversal presently to remain inside as it currently rests near support, and once given would offer a good trade opp of 25% from .08 to .10.
Cheers,
JagiThePretender