Fresh look at lovely ADA
Updated
Hi Guys,
Cardano need an update now,
As you can see we have much similarities between ADA and ETH chart but with some important differences.
First as you see ,our last downward channel(bullish wedge) now show itself as a support for ADA and it didn'tbreak it like ETH.
In other hand we had a bearish wedge in red like all other assets in chart that formed in last days and after reaching important resistance line in Ada we dropped from wedge
Now we need to hold this area as support and try to not enter downward channel again,but really can't count on an asset without consider BTC moves again,is up to BTC that what will happen.
In chart we have an iH&S too that in good mood of BTC can push ADA really higher that i expected before,Good Mood,look at it.
So i wish have a good mood in BTC market,i will come back soon.
Cardano need an update now,
As you can see we have much similarities between ADA and ETH chart but with some important differences.
First as you see ,our last downward channel(bullish wedge) now show itself as a support for ADA and it didn'tbreak it like ETH.
In other hand we had a bearish wedge in red like all other assets in chart that formed in last days and after reaching important resistance line in Ada we dropped from wedge
Now we need to hold this area as support and try to not enter downward channel again,but really can't count on an asset without consider BTC moves again,is up to BTC that what will happen.
In chart we have an iH&S too that in good mood of BTC can push ADA really higher that i expected before,Good Mood,look at it.
So i wish have a good mood in BTC market,i will come back soon.
Note
BTC wasn't in really good mood but we hold this stage very well in ADA,need to continue going up to neckline and try to break blue line.
Note
Here new update for ADA, join me there.
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