Good morning traders, hope you all are back on track after this big crash yesterday. One thing like to mention to my altcoin traders and holders is that altcoins ecspesially Cardano crashes harder than most coins because of the volatility and market cap. So be aware of that! With that out of the way let's talk Cardano!
I mentioned in my earlier post that Cardano looked a bit over extended if you saw the 20 and 40 EMA and it might pull back down to either 2$ or 1.5$. 2$ didn't seem likely as i also mentioned because it only had support on the lower time frames. 1.5$ was the most probable option because it had the most support there.
When the the crash came it dipped all the way back to under a dollar but quickly recovered that also confirmed this channel. So 1,5$ was a good call and congratulations to everyone who bought this enormous dip.
Cardano is looking stronger than ever and i reckon it's going to for another big pump when this market crash evens out! I'm going to go more in detail soon but this was just a quick update, so if you want to hear that make sure to follow!
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Let me know what you guys think! Let me know in the comments!
I mentioned in my earlier post that Cardano looked a bit over extended if you saw the 20 and 40 EMA and it might pull back down to either 2$ or 1.5$. 2$ didn't seem likely as i also mentioned because it only had support on the lower time frames. 1.5$ was the most probable option because it had the most support there.
When the the crash came it dipped all the way back to under a dollar but quickly recovered that also confirmed this channel. So 1,5$ was a good call and congratulations to everyone who bought this enormous dip.
Cardano is looking stronger than ever and i reckon it's going to for another big pump when this market crash evens out! I'm going to go more in detail soon but this was just a quick update, so if you want to hear that make sure to follow!
Enjoyed the analysis? Like! Want to see more? Follow!
Let me know what you guys think! Let me know in the comments!