Bullish idea for Cardano (ADA)
Updated
Hello trading community,
this chart represents next possible swing up, following previous one below. Yellow-dashed trendline has a tendency of acting like support for the candles, touching which, eventually, price goes up (the white-dashed one is just updated one to match 1.496 level). Level 0.090 was a bouncing point for the price in the past, so that event could be a theoretical prediction of a future price. But, there is a very little chance (because why ADA has done all of the advancements at the first place) of price being dropped to 0.389 level for the, again tiny chance, retest.
At the moment, it's vividly got potential for being bullish.
Thank you.
this chart represents next possible swing up, following previous one below. Yellow-dashed trendline has a tendency of acting like support for the candles, touching which, eventually, price goes up (the white-dashed one is just updated one to match 1.496 level). Level 0.090 was a bouncing point for the price in the past, so that event could be a theoretical prediction of a future price. But, there is a very little chance (because why ADA has done all of the advancements at the first place) of price being dropped to 0.389 level for the, again tiny chance, retest.
At the moment, it's vividly got potential for being bullish.
Thank you.
Trade active
Positive sign has occurred. Now it's going to retest previous resistance level at 1.533 or continue to the next one at 1.585. Also there is a high amount of transactions being done at the market.Comment
And also it's the first time ADA has reacted straight after BTC's move positively.
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