CARDANO PUMP or DUMP?!
Hi everyone, just quick update for Cardano, right now market is looking quite indecisive. For Cardano it seems like that we need little bit more time to accumulate before going higher, but also we need to watch BTC and its moves. For me there are basically 2 options for Cardano.
1 option: sideways for a while and holding 0.382 fibo support which is around 2 dollars and then blow up. My main targets from the charts are obviously previous ATH and 1.618 fibo extension which is sitting at 3.11 dollars.
2 option: if we cant hold then downside to 0.5 fibo support at 1.7 dollars and then similar movement to the upside in the option 1. Targets remain the same as in option1.
In this chart I am not going to use Mr. Ward wyckoff method because I am still in learning process of it. But from what I know it looks bullish on higher time frames and for lower times frames its "sideways at the best downward at the worst". I certainly recommend to everyone to follow and watch content from Mr. Ward, there is really a lot what you can learn. His content is all about high level of expertise so there is no better place to learn about trading.
Just one thing I want to add is that the most important thing in life, crypto or in general is BEING PATIENT AND TRUSTING THE PROCESS!!! SO DONT GET CAUGHT IN CURRENT EMOTION AND RATHER THINK LONG TERM!
PS: Always remeber, wait for confirmation! Feel free to comment and share you opinion! I am still learning so your opinion is welcomed!
Happy trading to everyone!
Not Responsible for actions of others based on my opinions.
1 option: sideways for a while and holding 0.382 fibo support which is around 2 dollars and then blow up. My main targets from the charts are obviously previous ATH and 1.618 fibo extension which is sitting at 3.11 dollars.
2 option: if we cant hold then downside to 0.5 fibo support at 1.7 dollars and then similar movement to the upside in the option 1. Targets remain the same as in option1.
In this chart I am not going to use Mr. Ward wyckoff method because I am still in learning process of it. But from what I know it looks bullish on higher time frames and for lower times frames its "sideways at the best downward at the worst". I certainly recommend to everyone to follow and watch content from Mr. Ward, there is really a lot what you can learn. His content is all about high level of expertise so there is no better place to learn about trading.
Just one thing I want to add is that the most important thing in life, crypto or in general is BEING PATIENT AND TRUSTING THE PROCESS!!! SO DONT GET CAUGHT IN CURRENT EMOTION AND RATHER THINK LONG TERM!
PS: Always remeber, wait for confirmation! Feel free to comment and share you opinion! I am still learning so your opinion is welcomed!
Happy trading to everyone!
Not Responsible for actions of others based on my opinions.
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