ADAUSDT we are like a yo-yo. But macro level is still bullish. We sitting still at a good accumulating zone especially with this next wave that could push up pass 1.38 and push even higher up to between 1.50-80. If not, well, let’s just focus on the upside. Just have your plans in place.
ADAUSDT.P BTC is now just under ATH, while most alts are at their local lows. IF buttcoin corrects down to .618 or .76 fib of this recent rally - which also coincide with VWAP from 70k - it may drop all the way to 94k. I think we can all imagine what will happen to alts if BTC sheds 10k.
ADAUSDT seems to be backtesting an inverted cup and handle on 4hr chart, with a potential 12% drop to the .85 range, a key support area. Ideally, we’d see buyers step in heavily here to push the price back into the ascending triangle above .90, which has repeatedly tested the 1.12 level. The lower trend line of this pattern has held strong, and buyer confirmation at this point would signal bullish control. Thoughts?
ADAUSDT If Cardano breaks $1 up, it will go up to $1.50, and if it breaks $1 down, it will drop up to 73 cents. 1$ is an area of psychological resistance ... Goto 1.5$