There is a high probability that when CME opens there will be a considerable amount of leveraged shorts that will get liquidated since CME is closed on weekends and price rose significantly over the weekend.
This could be the catalyst for ADA to break the bull flag it is in right now on 2H timeframe.
Note
Morningstar strategist forecasts Cardano to become mainstream crypto
-She has a CFA so I would pay attention to what she is saying... she isn't some rando - she is having real conversations with institutions daily and would have the best insight
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.