Hi Everyone
Quick update on Cardano. I haven't looked at the chart before (been focusing on other markets), from now on I will make more frequent updates on ADA.
It seems likely we make a pullback to 2.48 - 2.5 in the near future which will be healthy. This does not mean the bull market is over. I'm labeling this idea as a "short" more in terms of near future. After reaching new ATH, Cardano will be in price discovery mode finding new demand zones/ support.
If you're looking for signals or more guidance on trading, try out the 3 Day Trial below.
Best Regards
Ev
Quick update on Cardano. I haven't looked at the chart before (been focusing on other markets), from now on I will make more frequent updates on ADA.
It seems likely we make a pullback to 2.48 - 2.5 in the near future which will be healthy. This does not mean the bull market is over. I'm labeling this idea as a "short" more in terms of near future. After reaching new ATH, Cardano will be in price discovery mode finding new demand zones/ support.
If you're looking for signals or more guidance on trading, try out the 3 Day Trial below.
Best Regards
Ev
Trade closed: target reached:
Made a wick to $2.49, from here it seems likely we consolidate underneath ATH. It also seems probable ADA will reach a new ATH in the near future.
