Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00001215). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ADABTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
ADAU20 contract is moving short term inside a bullish channel. Recently got rejected in 1000 SATs area before dumping to 950 SATs.
It bounced on key levels which are my current entry point. Given fundamental interests in play, such as Shelley Hard Fork upgrade which will ultimated end of this month, can see only upside with this coin.
Will accumulate at any dip...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0785). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ADAUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
Cardano's target to hit at least 13 billion is not out of the realm of possibilities consediring the Bull Run that is coming over the hill, the masses are waiting for Bitcoin to make a big move and kick off the next bull run, when Bitcoin reaches 100k per coin cardano will more than double its previous all time high, My prediction is a all time high of 5$ ADA.
On ADA we have had very nice institutional price action... ATM there is plenty of IPA marked in my purple boxes and I predict this to go up till that zone I've marked with my White Line....
What will it do after determines on the structure it makes before comming up to this zone.
It is Bullish over all and I do see the price coming back to those highs... Its just...
BINANCE:ADABTC
Ithink BTC will make one final fast dive down to 5400, this should start the first leg of ada, then as btc recovers slowly ihink most of the alts especially ada bch will out perform btc
Trading within a Corrective Channel formation.
The medium term bias remains bearish.
A break of 0.03720 is needed to confirm follow through negative momentum.
The formation has a measured move target of 0.01644.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 0.03720, which will confirm the bearish...
