Observation, descending wedge however we can see potentially 2 points for a reversal.
The good thing is the descending triangle that past, was indicating a further drop. However just like ETH, its breakout was up. A good sign.
I think with the recent announcement for Cardano Foundation CEO resignation of Parsons could only be a good thing.
If your going to go long with ADA, 0.69 is a very good entry. In addition, BTC is still in the 6400s and is likely to drop a little more but that too will most likely have lower highs.
ADA entry points, 0.69 (but you can miss out) or 0.733.
Cheers.
The good thing is the descending triangle that past, was indicating a further drop. However just like ETH, its breakout was up. A good sign.
I think with the recent announcement for Cardano Foundation CEO resignation of Parsons could only be a good thing.
If your going to go long with ADA, 0.69 is a very good entry. In addition, BTC is still in the 6400s and is likely to drop a little more but that too will most likely have lower highs.
ADA entry points, 0.69 (but you can miss out) or 0.733.
Cheers.
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very hard decision... now or wait?Trade active
Stuff made of nightmares Note
Trade closed: stop reached
As I don't have time for many charts, for now I'll just update the BTC and ETH. My expectations for ADA is to go low as 0.028 to 0.03. For the daily or weekly trader, one must follow BTC trends. My advice for ADA traders is to keep in mind the ADA\BTC pairing as you can see, long term, ADA is falling behind BTC and hence I would recommend only day traders for ADA. Long term traders, instantly flip to BTC if you suspect BTC to go down. Hence less hemorrhaging.1 hrly chart for ADA\BTC pairing to make the point.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.