ADA USD is currently in the wave B of ABC correction of primary degree.
Expecting downside action (start of the wave C) once the price reaches 0.061 cents
Long bids positioned in the area 0.39-0.42 cents with potential target set to 0.076 cents
This wave count will be invalidated on the upwards break of 0.062 cent resistance line.
Conclusion for today's Cardano technical analysis: Price successfully testing ~0.045479 provides opportunity for bullish strength in Cardano (ADA).
A Daily time frame (log scale) candlestick chart is used in today's Cardano analysis. Over 9 months of price action is presented which includes price swing downwards that reached a climax on December 07,...
With Bitcoin moving inside a frustrating range for a week now, alts are also showing different shapes. Some show bullish signs while others still look bearish. ADA is also still in the 50/50 zone. As i have mentioned countless times, almost all triangles in Crypto, are 50/50 to me.
The triangle on the right looks pretty textbook, but since we have a lot of noise...
Daily chart is showing a bullish divergence and we just touched strong trend line that is going slowly up!
As opposed to the BTCUSD chart that is looking very ugly, that might be good for ALT to recover.
The Cardano_Konfidio strategic collaboration appeared in the Press on Thursday morning in the press between 05h00 and 07h00 and in the German press on Friday morning. The reaction in Germany, Europes largest economy was positive. On Thursday we saw some buying which went against the market sideways and downtrend. Thursday evening and Friday morning saw Cardano...