What is there to say - really.
Chart tells the story, but volume tells the truth.
Wait for a spike to confirm that bears are giving up.
But if you believe in the project.... well, you may as well start accumulate into weakness.
Or you can wait for the price to be above the resistance line.
Either way, something is about to happen.
One thing is for sure, ADA ...
If you're a fan of Cardano ( like I am ), then this is a very exciting moment because we're going to witness 1 of the strongest altcoins to bottom out in this or next month. I actually started accumulating since below 900 Sats and will do all the way down to 500 Sats which I strongly believe is Cardano's bottom.
As Ethereum showed a lot of scaling problems in the ...
ADABTC great project
Start to growing I see few resistance line, also horizontal volume (indicator Visible Range) and fibonacci levels. If we break out all this resistance we will go up until this we are in bearish market
Buy Price: Green Zone
SL: Red Line ( Historical low of ADA )
Profit: Blue Lines
Invest Suggestion: 20 Percent
Profit Expectations: 10 - 50 Percent
Looking at the chart of ADA , we could see all indicators pointing to reversal tendency ( like the pivot extension strategy)!
Also, RSI is in the oversold zone ( couldn't plot it because of the limit of 5 ...
We are doing Analysis of ADABTC on Daily Timeframe .
ADABTC Following Symetrical Triangle pattern break down .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
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Cardano (ADABTC) is preparing to make a move according to some of the signals coming out of the daily chart.
Let's take a look:
MACD and RSI are both showing bullish divergence.
MACD bullish crossover.
RSI bounced recently out of oversold and is trending up... Going bullish.
Increase in green volume and now trading above EMA10.
Immediate resistance is ...
I've put the Fibs from the Ralleys low point aka 320 Sats to the cleaned top and put another Fib from broken support to the low point in. Still there is a chance we could go down to the 700 Sats but IMO we are bottoming and will soon fill the gap to shoot up to the 1100-1300 Sats. After that the bulls will progress.
This is not a trading advice - just for my own ...
Cardano (ADA) is mimicking BTC moves.
A falling Wedge is forming on daily chart and currently the price is sitting right on support.
Stoch RSI Approaching oversold zone + bullish Divergence can be seen.
RSI in Oversold Region. A Bounce from this area is very important or else we will see 600-700 zone as a bottom.