Hello everyone.
I would like to share my thoughts on the ADA (cardano) cryptocurrency asset
At the moment, ADA has reached a fulcrum, from where a full-fledged reversal of the trend began in July 2021.
In my opinion, the formation of a bearish "head and shoulders" figure is underway. In the current situation, we have only a part of this pattern, and the right shoulder is still waiting for formation.
Locally, there is interest from buyers and the consolidation of the ADA price in the so-called diamond, which assumes the same trend reversal as it was in the summer, so I consider it an excellent opportunity to take a long stop from here and put it under the previously untraded zone of $ 0.8.
Goals upper bound of diamond formation
1.65-1.7
2 the target for exiting the pattern zone after full rendering is 2.68, which assumes a profit of more than 150% from the current ones.
If you liked this idea, please like it, thank you :)
I would like to share my thoughts on the ADA (cardano) cryptocurrency asset
At the moment, ADA has reached a fulcrum, from where a full-fledged reversal of the trend began in July 2021.
In my opinion, the formation of a bearish "head and shoulders" figure is underway. In the current situation, we have only a part of this pattern, and the right shoulder is still waiting for formation.
Locally, there is interest from buyers and the consolidation of the ADA price in the so-called diamond, which assumes the same trend reversal as it was in the summer, so I consider it an excellent opportunity to take a long stop from here and put it under the previously untraded zone of $ 0.8.
Goals upper bound of diamond formation
1.65-1.7
2 the target for exiting the pattern zone after full rendering is 2.68, which assumes a profit of more than 150% from the current ones.
If you liked this idea, please like it, thank you :)
✅ Подписывайтесь на мой телеграмм канал
✅ t.me/GreenloadTrade
✅ t.me/GreenloadTrade