All of the reasons described in the graph point in profit direction.
As my double Fibonacci setup shows, Cardano ADA is at some solid support. It also made its initial move already from the double longterm 50% and medium term 61.8 levels. Next targets are Fib extensions as I am used to.. first 11000 satosis next 14500 satosis
Now, when we have more information to analyze the market, here is my prediction. As you probably have noticed there isn't much selling going on, and I believe people are getting ready to stake (75% complete). It doesn't mean we won't see a correction after tremendous growth like few days ago. Everyone is trying to accumulate as much Cardano as possible. I believe...
Do not act on this information: This chart uses two anchor points based on 7/77/231 Moving Averages crossing to draw the conclusion that there is strong support for Cardano price increase in terms of BTC for this most previous cycle. The first step of creating this chart was to find where the green 7 Moving Average crossed the White 231 Moving Average. Then, the...
Price currently hovering around the 50d MA and MACD about to turn positive on the 4hr chart (sometime in the next 8-12 hours). I am buying ahead of the herd for the next move up.
T1 - 6700 Analysis not advice, comments welcome
ADA Just broke out of its downward trend. Last time this happened we saw some serious moonage. :-) Lets see what happens!
Still learning more on cryptocurrencies, trying to see if technical analysis do work on them. After the recent spike for Cardano, I am looking to buy on dips or a breakout. Using fibs, you can see that the 78.6% and 61.8% levels are somehow respected. I have heard and read abit on Cardano, it seems like a good buy. Hence I am looking to buy at the 78.6%. If it...