WHATS NEXT FOR CARDANO?
Updated
Hello traders! Today we are going to take a look at ADA's movement these past few days.
As i mentioned in my last post: It is consolidating at the 0,3280 area and is looking to make a bottom, if it breaks down to 0,3200 I would look for a short position hitting the final demand zone at 0,3050.
On the 4 hour and also the 1 hour time frame we can see that ADA has made a solid descending channel and is aiming downwards towards the last demand zone at the 0,30-0,3050 and potentially heading towards a more and more likely target at 0,27. If the last demand zone is met we can then begin fill our long positions with a potential 30-40% upside (longterm). All take profits is specified.
On the smaller timeframes like the 15-5min i would start to look at a short position towards the last demand zone (swingtrade). Don't forget to fill up your long positions, this is a huge discount.
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Let me know what you guys think! Let me know in the comments!
-The Stallion
REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
As i mentioned in my last post: It is consolidating at the 0,3280 area and is looking to make a bottom, if it breaks down to 0,3200 I would look for a short position hitting the final demand zone at 0,3050.
On the 4 hour and also the 1 hour time frame we can see that ADA has made a solid descending channel and is aiming downwards towards the last demand zone at the 0,30-0,3050 and potentially heading towards a more and more likely target at 0,27. If the last demand zone is met we can then begin fill our long positions with a potential 30-40% upside (longterm). All take profits is specified.
On the smaller timeframes like the 15-5min i would start to look at a short position towards the last demand zone (swingtrade). Don't forget to fill up your long positions, this is a huge discount.
Enjoyed the analysis? Like! Want to see more? Follow!
Let me know what you guys think! Let me know in the comments!
-The Stallion
REMEMBER TO ALWAYS TRADE AT YOUR OWN RISK AND I AM NO FINANCIAL ADVISOR.
Trade active
Congratulations to everyone who bought at the last demand zone! We are now finally seeing a big leg up, all take profits are specified. If we see Bitcoin at 25000 we can also see ADA hitting the final leg up towards (0,38-0,40), making it a 15% gain on top of the 15% already.
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