here the price can start gain from our first support zone
after that touches the trend line and after the stability above the trend line sharp pump start
it can touch the second support zone and start its gain
our take profit target are located on the chart
this is not financial advice, always do your own research.
If you have any questions fell...
ADA closed the weekly candle quite quietly below the trend line. Confirm the downtrend (Short-term).
ADA needs to drop a little more to be scared before going back to Uptrend !
My recommendation for the sale is $0.83xx and $0.78xx
Waiting & BUY Plz!
After the recent crash in Crypto, the market has changed slightly. The corrective phase has just got bigger but we're still very much bullish.
For Cardano, we can see that the $1 level holds a lot of weight. On several occasions. price has reacted to the $1 level and successfully bounced from it. We are yet again approaching that level and we have a number of...
On a 4-hour timeframe, the trend is still negative and is a pullback to the $ 1.5 range. Only enter the $ 1.75 range if the negative trend line is broken. If the negative trend line does not break, we will fall again to the range of $ 1.3.
Since ADA hit new ATH ( $3.101 ), price fall down about 60%. Now it returns back to the weekly bullish orderblock.
We have series of sell climaxes + parabolic wedge so all together sign of exhaustion.
Also I marked up a support area which I think ADA won't fall below this level.
You can buy right now but as long as price is below bear trendline, still bearish.
This is the last support level of cardano in bull trend
The price is at the bottom of the uptrend channel and it has hit the long-term trend line
Bearish golden cross is happening
In best case scenario this is the bottom but if it breaks the trend line things won't be good.
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Once again, We are having a dip and for Me this is a great time to BUY more of crypto I have listed on My...
SUMMARY: Long, this may be the last heavy correction before the end of the crypto Bull Market that started in October 2020.
Cardano is one of the most solid blockchains available and is 60% off its recent highs.
Are you buying this dip?
The sell off was driven by the BTC dump , extended further by leverage flush. Also news that BitTorrent was delisting ADA....
I am expecting ADA to make a lower low, going down to $0.8.
After this new low we can see ADA reaching its new high which is going to be in the $4 area.
Remember, the first rule is to do not panic.
Have a nice trading week!
Let’s talk about CARDANO and his token ADA. Definitely a project to follow from my point of view.
Assuming we are still in a bull market, (Scenario that I'm still privileging), Cardano has still some rooms to enter. Of course, It will depend of BITCOIN moves, but in a bullish scenario, there is a decent probality we won't go lower than 1,2$. If we finally break...
Adausdt took SL in our last analysis , we are to go long from 1.1 - 1.2 for following targets once again. We hope this asset can bring great profits in 2022.
This is a midterm swing for 15% portfolio . Good Luck
SUMMARY: Long, ADA has been pulling back for 90 days and lost about 60% value same as the May crash.
Support at $1.20 has been back tested and RSI & STOCH are oversold.
Also, BTC & ETH have found support and holding with fear at all times highs