Looking for a bounce soon, support seems to be holding, i'd like to see this Elliot wave play out, we would be on wave 3! which is never the Shortest. Lets see what she does! If you don't have a bag, you really are stubborn and afraid of risk, big risk=big reward I would want to be holding this this Fall, all alts will slingshot like 2017, Everyone complains about...
Since I haven't been following or trading Cardano for some time, I have no fundamental data to chase the technicals here. Trade is based on raw pattern identification. Typically I would say to place stops below X, but in this instance it might make the R/R unfavorable for the trade, so use your best judgement based on support levels. For more information on what...
Clean break through support, time to see hoe far this baby will go down, Could see 2800ish if it doesn't bounce from here. Looks like a simple ABC Correction finishing up. gonna pick up another Milli when the price is right
Should see 3700 Soon, Price should bounce between the HVN's, as you see in between 3500 and 3700 there are many LVN's which should result in price action.High Volume nodes are the bars that stick out the furthest, Low Volume nodes are very short, HVNS can mark support and or Resistances. in many cases Coins will retrace to the Value area(Where all the HVN's are)...
At crucial resistance.
Due for correction.
Already bounced downward showing it could complete the correction to long term support.
My only consideration is that it is in a long term bullish bias.
Currently testing support. May drop to 2 sats in BTC Pairing, Lets hope for a bounce there, This coin is very undervalued imo and band spanking new on Binance, may take some time for its chart to play out. Be watching!