Cardano / TetherUS
Long
Updated

Weakness is a > 2x opportunity.

1 189
ADA looks pretty weak, but looking at the broader scenario hints a reversal may be not that far (in term of weeks).

Accumulating (DCA) on ongoing and/or further weakness here makes for a good R:R case due to high market cap, in my opinion.
Any further dipping down may well hint a bear trap in the making, given CMF and MACD.

First target above the 0,7$ mark.
To be evalutaed in 6 months.

DYOR.
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Above support, diverging and nearing edge.

It's all good, but it needs collaborative BTC/ETH in order to avoid a rejection.
same as DOT and most alts.

We'll see.
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Lot bought at 0,285 $
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Another one bought at 0,255 $
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Pretty overstretched (TD count 14), oversold RSI on W:

snapshot

Bought one more lot at 0,246.
Won't buy more, unless i see a falling knife.
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Breaking 0,39 on a weekly close would be rather bullish.

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Not that far.
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Looking good, bullish if able to consoilidate above 0,39$ high.

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Obviously a pullback of BTC would damage the short term scenario, yet similarly to DOT i think medium term (about 12 month) it looks good.

Red box would be an ideal target.
Let's see.

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