📊ADA: are the bulls already stronger than the bears?
It seems like whales accumulate enough ADA to make at least a local rebound to the closest value. But what is the evidence that the bulls are already stronger?
Look at the false breakout of the support area of $0.46-0.47 and how the volume growth. It means that bears tried to trap the long traders but the price just make local pullback and return to this area. It shows us the strength of bulls even if it local case.
Now we can expect the local squeeze under the trendline and it`s breakout.
The value areas and targets for ADA:
🔶 $0.48-0.52 - the target and resistance area for Cardano
🔶 $0.55-0.57
🔶 $0.62-0.64
As you can see, that the cardano not pumping as many other altcoins, so it have bigger potential to pump soon.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
Look at the false breakout of the support area of $0.46-0.47 and how the volume growth. It means that bears tried to trap the long traders but the price just make local pullback and return to this area. It shows us the strength of bulls even if it local case.
Now we can expect the local squeeze under the trendline and it`s breakout.
The value areas and targets for ADA:
🔶 $0.48-0.52 - the target and resistance area for Cardano
🔶 $0.55-0.57
🔶 $0.62-0.64
As you can see, that the cardano not pumping as many other altcoins, so it have bigger potential to pump soon.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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