ADA (Cardano) potential drop and entry
Updated
On 4H chart, ADA sorting out bearish divergence and we expect this to be Elliott Wave 4 that ends around 2780 - 2800 satoshi levels.
We are not interested in buying Cardano before that level is reached.
We advise everyone to use laddering and start to ladder your orders in from 2900 till 2780 satoshi levels, then sell in wave 5 landing zone between 3705 and 4060.
2780 satoshi levels is previous resistance point that got broken 5 days ago without even testing it once.
Always remember - previous resistance becomes new support and broken support becomes new resistance!
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Have a nice day!
We are not interested in buying Cardano before that level is reached.
We advise everyone to use laddering and start to ladder your orders in from 2900 till 2780 satoshi levels, then sell in wave 5 landing zone between 3705 and 4060.
2780 satoshi levels is previous resistance point that got broken 5 days ago without even testing it once.
Always remember - previous resistance becomes new support and broken support becomes new resistance!
If you find this idea helpful, leave a like, comment and follow us on Tradingview & Telegram!
Any questions? Want to get these ideas first? Feel free to DM.
Have a nice day!
Note
F#ck me, missed itTrade closed: target reached
Everything is done correct just missed that 2900 level to ladder in... Aghhh
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