🔥ADA: don`t miss second opportunity! Squeeze before breakout!
Updated
Cardano (ADA). The price reached the first target of $0.52 level. This altcoin has all chances to reach the second target of $0.6.
How the entry point were identified:
1. someone buy a lot of Cardano at the bottom. You can see it at the volume indicator, which shows us amount of traded coins or $. The bars grow after the bottom were riched and second time before trendline breakout.
2. squeeze under the trendline which is bullish signal.
3. 2-3 weeks of consolidation of crypto market. BTC show signs of strength.
If Cardano starts to squeeze under the trend line after a small consolidation (accumulation of power), it will be a good opportunity to open a long with a short stop-loss and excelent RR 1:7-9.
Why this targets? As you see at the horizontal volume indicator there is huge valua areas which become a resistance for the price. But after a few week consolidation Ada have enough power to reach the second target.
đź’»Friends, press the "like"đź‘Ť button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
How the entry point were identified:
1. someone buy a lot of Cardano at the bottom. You can see it at the volume indicator, which shows us amount of traded coins or $. The bars grow after the bottom were riched and second time before trendline breakout.
2. squeeze under the trendline which is bullish signal.
3. 2-3 weeks of consolidation of crypto market. BTC show signs of strength.
If Cardano starts to squeeze under the trend line after a small consolidation (accumulation of power), it will be a good opportunity to open a long with a short stop-loss and excelent RR 1:7-9.
Why this targets? As you see at the horizontal volume indicator there is huge valua areas which become a resistance for the price. But after a few week consolidation Ada have enough power to reach the second target.
đź’»Friends, press the "like"đź‘Ť button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Trade closed: target reached
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