The chart says it all ...
20 % to the upside
15 % to the downside
Will the purple support line hold ?
Will the MA 20 support hold ?
Will the course make a new higher low here ?
The MACD is positive
The RDI is positive
The DMI is positive
We have many positive thing on the short term , but will it be enuf, tbh i dont think so but hope so ..
Hej Guys and good weekend for you all.
Again when i show something is it never buy/sell post, but more FACTS and with those facts , you can make your own decision if you wannna
put money in this trade.
Been down trending like the rest of the market since since Marts 2021 and so fare its down 85 % in months.
What we see now.
We see positive signs - but we are closing in on an critical point ( black line )
im a long term holder - so its not a buy/sell signal , bt only sharing what i see ..
Stay safe if you want in , the big resistance can be bad ( remember the market conditions )
Just wanted to make a fast update, but like 98 % of the rest of the market we are
in an downtrend.
They positive can be that its starting or started to look good on some signal on the lower timeframes, but the last couple of days have ruied that.
So as i see it , its still just a hold IF your holding or and wait if you want in, but we all trade deff , so...
Always to your own analysis
But take what you can from others and make into your own.
No one trade or think the same, er alle have diff goals and targets and money.
But the fact is the course is where it is, now its up to you to find out what you wanna do IF you wanna do anything.
A bullish play could look like this
Enter: now ( 29950 )
Stop loose: 29300
Risk/reward Ratio: 6,85 ( over 2 is acceptable )
Max gain: 14,80%
Max loose: 2,15%
Keep it simple - trade with care 📈
I think the chart speaks fore it self.
So will we see a other drop on 20 % ? so fare we are down 13 % from the last top , så only need 7 % and the trend is down ( under MA 200 ) and making lower lows and lower highs , when that been said, the last 14 days the trend have made an 1-2-3 but didnt break the last high and just broke the support at 40,000.
be aware of...
As shown on the chart , we are deffently in a bear market on this one no douth about that.
But where is it gonna go next.
As the chart shown, we are on the 420-440 course and if that line dont hold we can see 377 but again the indicatores are very negative all aroundt and maybe even to much so and pull back or small gain to 490-520 is not out of the way befor...
Just to follow my own investment and sharing my thoughts outload .
Remember to do your own research.
MANY good fundamentals things are going on at Crypto com at the moment, you should go study it and not just the hype there is atm becouse of the stadium and add .. but about the firm and there plans .
Just making this chart for education, for what can happen here.
This is only if the trend line hold up or we will see a down fall to the 30´s - but lets see where it wanna go.
An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend
Let see where it wanna go
Target 1,05 is still in play and thats around +200 % gain from the 0,31 mark.
remember we are in the bear market even thu some are still technical to the upside ( like CRO )
But it all depends on how the market will react.
If the course stays over 0,31 the bull are still in play , if we break that we can see a down side on -25 % to...
Ada is fighting the support line as we speak - lets see where it wanna go to next.
I hold Cardano for "long term" so i dont care what happens in an day an week or 30 days.
This is just to keep track of my investment - remember to do your own analysis !