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Welcome to this update-analysis where we are looking at Cardano 12-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to handle upcoming situations in the right manner. Cardano broke below the second major bear-flag accordingly as it was expected and...
ADA had an extraordinary run of 700+% in the last few months, which I think is over now or almost. 5 waves (blue) appear to be done and we are now in the 5th wave (red) of the last wave.
I can see RSI bearish divergence and volume declining while price make new highs, this is another confirmation between 3rd wave and 5th wave
Typical emotion in the 5th of the...
Cardano is laying out a pretty clear path for the rest of the Alt-coins here. I'm looking for another leg up potentially to around $0.105 before beginning the final leg to the downside. The macro correction is not finished - we still need one more leg down that is symmetrical to the first.
After dropping below the EMA 100 #adausd is going down to 0.07. I think it will drop till 0.05 cents until further info on development. As im staking #ada i hope it would go up but we will have to wait some more.
A couple weeks ago I published a chart with ADA analysis calling for further retracement to the 61.8% Levels for March-July Swing.
This video reiterates that analysis, while also documenting the price discrepancies between a few different exchanges, such as HitBTC, Bittrex, Kraken and, of course, Binance!
I am still expecting ADA to test the 61.8%...