entertheroach

ADA - Bollinger Bands Squeeze

Long
BINANCE:ADAUSD   Cardano
For any crypto asset, periods of consolidation are a really good thing as it brings everything into equilibrium to enable a new higher support launchpad to be built to which a new higher price can be reached. You must remember that consolidation is not done at a constant level but within a range. Have a peek at this ADA daily chart, you can clearly see what has happened 3 time before after a period of consolidation in a Bollinger Bands Squeeze and also Sideways Momentum on the RSI! Yes, it does look good & it looks like there will be exciting times ahead, because remember that ADA is still in a longterm uptrend. Periods of consolidation vary in length so only time will tell. Obviously nothing is set in stone so the only question is, do you have the patience to hold & wait for the outcome? If you don't know what consolidation is and if you don't realise that ADA is in a consolidation phase, then you will probably miss the next rocket upwards and end up buying at the top again screaming "shit coin" as ADA enters another period of consolidation. I hope this is helpful. Good Luck 👍🔥🚀🌔
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