SpartaBTC

ADA/USD Local trading situation

SpartaBTC Updated   
BINANCE:ADAUSDT   Cardano / TetherUS
Local trend. Clamping zone. Logarithm. Timeframe 1 day.

The same parameters on the line graph.


Secondary trend for understanding the work area.

ADA/USD Secondary trend.

The main trend for understanding accumulation and distribution zones.

ADA/USD Main trend
Comment:
ADA from hell local work in the channel 60%. The key levels of the local area on the chart.
Comment:
Super hype and super pumping hell (super marketing, super hype).

Price is moving in a downward channel. From breaking through the sidewall at values around +800% (another distribution zone), price fell -40.9% (a second target of 40.11% was shown) exactly to the value of 0.237.

237 again). Does anyone still harbor the illusion that this is all a fluke? If you still think that, then randomness will crush you with unbearable pain, it's not so much about this cryptocurrency. Local levels (reversal zones are shown with arrows). Observe risk management, don't fool yourself.

The price from super pumping inadequate +6000% (not from the minimum, but from the average set accumulation price) went down to -91%. I want to emphasize that this -91% is +400% at this point from the average coin accumulation price. And not from the minimum price !!!
Comment:
+60% from the reversal level of 0.237. V-shaped reversal. Price has approached the mirror resistance level (support of the former 150-day (4.5M) sidewall. Protect profits. A pullback and formation of a sidewall with a similar step is possible.

But, a breakout is also possible. The local trend has a rather "sharp angle" (strength of the trend). If the trend continues (general situation in the market), then the first targets this zone of the former horizontal channel.

It is worth noting that like any HYIP crypto coin (marketing, money funds) this coin is on the super profit. Therefore, when working on such crypto coins, consider the risks and limit them.
Comment:
This is how this important local zone looks like on the line chart.
Comment:
+69.18% from the reversal from the level of 237. Local level zones to work on the chart.
Comment:
Local Work. Hype hell from hell. From the channel resistance level 0.4010 reversal. The price is in the zone of the level of 0.3145 (-12%). The price is now at 0.3344.
Trade active:
Range of enrollment over 1 year in the 0.237 - 0.4010 level zones endured.

4 03 2024

A good long term entry zone for this cryptocurrency. Medium-term urgency can be taken this move to the $1.14 level zone (mid-pump bowl, usually pullbacks or consolidation from it).

Horizontal channel of accumulation for more than 1 year. Breakout of its resistance. We are entering the "participation" phase of the Dow (in 2024 the previous highs are likely to be overcome). Participation is a price rise to the "distribution" phase zone (selling in 2025). As a rule, it is +500-800% for liquid trading instruments and more than +1000% for medium liquid ones. In 2025, the highs will be much higher than before, despite the super profits now.
Comment:

✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: www.instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.