ADA completed its 2-legged pullback per my previous analysis and even overshot the key support zone to Push #1 support at $0.41. Is this an opportune time to long?
Previous Analysis:
How do we trade this? 🤔
Cardano found support at Push #1 support from the previous bull trend around $0.40 and has rebounded to the Daily 200EMA. It's reasonable to expect a...
Cardano price today is $0.37with a 24hour trading volume of 610 million dollar. ADA price is up 3% in the last 24 hours and 45% up since last month
what is cardano? well, cardano is a proof of stake blockchain cryptocurrency founded in 2017 by Charles Hoskinson, who also co-founded Ethereum. The Cardano blockchain was created for decentralized application...
ADA analysis: Opportunity ADA reached strong support and can go up to the next resistance.
Buy now and tp1, tp2... wait and follow for next TPs.
Support for more
Sl:0.28
TP:0.35,...
Since the 3usd figure ATH from last September, Cardano had fallen hard, losing more than 80% of its value.
However, since the 0.4 zone low was made in May, the coin has started to consolidate in looked like it had found a bottom.
The descending trend line is also broken to the upside as well as the horizontal 0.52 resistance.
At this moment we can consider a...
Market just broke a structure creating first higher high and going back down, we are expecting for it to retrace to the demand zone, and bounce to POC zone.
Entry: 0.51 (Demand zone)
Invalidation: 0.3898 (Below the last impulse down)
Target: 0.781 (POC zone)
