Cardano's Oversold Bounce.
Updated
Hey, I am back with another Technical Analysis, this time looking again at ADA - Cardano.
Cardano has launched its testnet, ADA 1.2 was released.. many great news and low price, bitcoin looking stable, what could go possibly wrong?
As Bitcoin has bounced today from its RSI daily oversold level as I predicted
many alts has also bounced.
Okay, lets just look at Chart.
Not much to see, downtrend line, few ressitance and one key support level.
So what about Indicators?
RSI has bounced off strongly off oversold level.
MACD starts to curve upwards, with sellers quickly leaving.
MA shows perfect cycle, showing that Cardano is undervalued.
EMA is at decision point.
I got position at 2460 sat, good isnt it?
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!
Hope I made your view on whats going on with ADA somehow clearer.
If you like this Technical Analysis let me know in the comments, likes are always aprreciated, Thanks !
If I see something worth to share on the chart I will surely do an update.
Cardano has launched its testnet, ADA 1.2 was released.. many great news and low price, bitcoin looking stable, what could go possibly wrong?
As Bitcoin has bounced today from its RSI daily oversold level as I predicted
Okay, lets just look at Chart.
Not much to see, downtrend line, few ressitance and one key support level.
So what about Indicators?
RSI has bounced off strongly off oversold level.
MACD starts to curve upwards, with sellers quickly leaving.
MA shows perfect cycle, showing that Cardano is undervalued.
EMA is at decision point.
I got position at 2460 sat, good isnt it?
So I think thats about it.. If you have any Questions feel free to ask me down bellow or at my Discord channel!
Hope I made your view on whats going on with ADA somehow clearer.
If you like this Technical Analysis let me know in the comments, likes are always aprreciated, Thanks !
If I see something worth to share on the chart I will surely do an update.
Note
Note
I would be careful as Bitcoin havent finished its cycle yet.Note
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