in my opinion,
*ada compare to the btc looking good and it can raise around 18%
*and also the Dominance of ada formed an ascending triangle and the target for that is around 6% of the market which is about 40% increase
*for the short term, I expect that ada reach the 3.4 target (personally if the price reach to this level i will take some profit),
*and after that, only if the price reject from 3.4 zone it will correct and fall to the 2.1-2.2 zone and this zone is the best entry point if you want to buy some
*ada compare to the btc looking good and it can raise around 18%
*and also the Dominance of ada formed an ascending triangle and the target for that is around 6% of the market which is about 40% increase
*for the short term, I expect that ada reach the 3.4 target (personally if the price reach to this level i will take some profit),
*and after that, only if the price reject from 3.4 zone it will correct and fall to the 2.1-2.2 zone and this zone is the best entry point if you want to buy some
Comment:
so cardano wasn't able to close that 4h candle above the support and it fall sooner than i expected to the level that i mention in the main chart
for now if any 4h candle close below fib level at 2.29 then i expect another dip to 1.8-2 $
for now if any 4h candle close below fib level at 2.29 then i expect another dip to 1.8-2 $
Comment:
from the last update, we didn't see any 4h candle close below 2.29 ,so that would be the trigger if we see more downside move
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both ADA Dominance & ADA/BTC bounced from support zone in daily TF
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also, Ada formed an ascending triangle in 4h TF and its breakout from the topside which should send the price higher but it's too soon to talk about that the correction is over with confidence! if any hourly candle closes below 2.45 I expect another downward move
another important thing is that ADA managed to not even close a daily candle below the previous ath around 2.47 so if any daily close below 2.47, be ready to buy at cheaper prices!
other than that if none of the bearish cases going to happen I expect 2.8-2.9 as the target of the ascending triangle
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both ADA Dominance & ADA/BTC bounced from support zone in daily TF
also, Ada formed an ascending triangle in 4h TF and its breakout from the topside which should send the price higher but it's too soon to talk about that the correction is over with confidence! if any hourly candle closes below 2.45 I expect another downward move
another important thing is that ADA managed to not even close a daily candle below the previous ath around 2.47 so if any daily close below 2.47, be ready to buy at cheaper prices!
other than that if none of the bearish cases going to happen I expect 2.8-2.9 as the target of the ascending triangle
Comment:
as I mentioned yesterday, any hourly candle closure below 2.45 causing more downward movement
now waiting for daily candle close if it closes below 2.47 or any 4h candle close below 2.29 (as I mentioned on 7'th September) then I expect to see my bearish targets (1.8-2 $)
and also there is one last important support for Cardano around 2.7 if it handles to maintain above this support and the current 4h candle close above it I expect that Cardano rise a little bit more