ADA/USDT Update: Cardano 360 incoming + unknown newsCardano got a Coinbas Pro listing and did pump 40%.
Since the whole crypto space currently is bleeding also Cardano drops.
Now we are back at a critical position and again just before some other news, namely Cardano 360 plus additional yet unknown news.
It's unclear this news will impact the price heavily.
If it does the breakout seems possible and then also 3.5$ isn't far away.
In case it doesn't we expect Cardano to dip.
The double top supports that idea.
Possible entryzones are shown by the boxes.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
