Hello everyone, welcome to my daily TA. Today we are looking at Cardano (ADA) dipping into the buy zone, and going slightly above it, with good chances of returning to it until it hits the Fib retracement line which meets the trend line. We may have found a bottom, and are about to spike up. RSI confirms that the Fib retracement is the actual "oversold" line for it as well. Not much more to say about it, except: STOCK UP ON ADA, it will be wild. Cardano did not cope well with the downtrend of Bitcoin as well as global alt selloff which resulted in some more BTC market dominance, but now is the time to buy, since it will go back, and IT. WILL. BE. BIG. Good luck trading folks!
Comment:
diagonal trend line bugged out, i drew it lower, this line is inacurate, but what i wrote it completely true. The pink line should cross the red area, as a continuation of a previous trend.