What’s going on, comrades? I have just looked at ADA (Cardano) and I wanna express my opinion about the possible price movement.
You might have noticed that Ada is quite suffering from bears. As you can see on my chart, we have got a lot of supply zones and manipulation. And I would love to express my opinion about the possible outcome in this case.
So, as you can see, we had a clear distribution in September. Price also went back to a FVG ( or you can consider it as a supply zone). Then we saw a huge manipulation with the price and also strong and clear supply zones. The zone of interest below (1,9 - 2 $) below played a role in keeping the price up. Unfortunately, the crypto didn’t show a big support and interest from huge whales, and thus, we didn’t see a proper BOS. You may ask: «Hey, Quanty, what about BOS during 21-24 September?»
Unfortunately, guys, it wasn’t a proper BOS, just a move up to take stops and liquidity before major moving down. Then we saw a huge manipulation the price and another move down.
What about now?
Firstly, price came to a zone of demand. In addition to it, on small timeframes I also pattern which looks like an accumulation. On volume chart I have also managed to see big volume bars which let us find out that big money MIGHT have interest to buy. And, man… ada is really on a Bikini Bottom.
«Well, Quanty, but when it seems, that it can’t go lower, it usually does!»
YEs, you are right. But there is one moment why it may not go down. Look at the previous gaps from 23 July to 9 August. If you switch to small timeframes, you could see, that all big candles are closed by the previous and following ones. So, it is unlikely that price would go there now, cause there is no liquidity, there is now proper demand zone, now proper point of interest. In a nutshell, there is now money left below. All hamsters got already got shaved, I want to believe.
So, what we gonna do??? Surely, you can buy ADA right now on an invest or play with futures but with small leverages. IF you want to be sure in a position, there is another option. You should wait for a proper conformation such as BOS, Liquidity above (market as x) and a possible break FVG or zone of supply. And another think that would definitely make us as safe as possible is a huge gap up to the zones I have mentioned above.
Well, and the last thing. Target: well, speaking the truth, I would hodl up to 3 $, but obviously, the price could go much higher and faster.
You might have noticed that Ada is quite suffering from bears. As you can see on my chart, we have got a lot of supply zones and manipulation. And I would love to express my opinion about the possible outcome in this case.
So, as you can see, we had a clear distribution in September. Price also went back to a FVG ( or you can consider it as a supply zone). Then we saw a huge manipulation with the price and also strong and clear supply zones. The zone of interest below (1,9 - 2 $) below played a role in keeping the price up. Unfortunately, the crypto didn’t show a big support and interest from huge whales, and thus, we didn’t see a proper BOS. You may ask: «Hey, Quanty, what about BOS during 21-24 September?»
Unfortunately, guys, it wasn’t a proper BOS, just a move up to take stops and liquidity before major moving down. Then we saw a huge manipulation the price and another move down.
What about now?
Firstly, price came to a zone of demand. In addition to it, on small timeframes I also pattern which looks like an accumulation. On volume chart I have also managed to see big volume bars which let us find out that big money MIGHT have interest to buy. And, man… ada is really on a Bikini Bottom.
«Well, Quanty, but when it seems, that it can’t go lower, it usually does!»
YEs, you are right. But there is one moment why it may not go down. Look at the previous gaps from 23 July to 9 August. If you switch to small timeframes, you could see, that all big candles are closed by the previous and following ones. So, it is unlikely that price would go there now, cause there is no liquidity, there is now proper demand zone, now proper point of interest. In a nutshell, there is now money left below. All hamsters got already got shaved, I want to believe.
So, what we gonna do??? Surely, you can buy ADA right now on an invest or play with futures but with small leverages. IF you want to be sure in a position, there is another option. You should wait for a proper conformation such as BOS, Liquidity above (market as x) and a possible break FVG or zone of supply. And another think that would definitely make us as safe as possible is a huge gap up to the zones I have mentioned above.
Well, and the last thing. Target: well, speaking the truth, I would hodl up to 3 $, but obviously, the price could go much higher and faster.