📈Cardano 2D Long Scenario / It's time for ADA📉
Updated
ADAUSDT ADAUSD Hello dear traders.
⚡️ In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr.
📈 What to Expect Next?
💡As long as ADA is above the $0.5682 level, the bullish scenario is quite valid.
The bullish scenario targets are on the price chart.
🔑Key Insights:
📈If the bulls stabilize the price above the 0.5682 area, the accumulated volume will activate the green scenario.
📉On the other hand, if the price fails to stabilize above the $0.61, second scenario is going to happen.
Trade closed: target reached
💡The bullish setup failed with the price falling and now we have to wait for the price to stabilize above the liquidity zone.⚡️
⚠️There is a possibility that the price will drop to $0.4 in the next day or two, so be patient for buying steps.⚠️
Note
📉The price of Cardano reached the specified liquidity zone due to the intensification of the selling pressure caused by the negative news of the Middle East.
⚠️Important divergences are plotted in the graph. If the news does not intensify, the price seems to stabilize at the current level.
💡In case of any unexpected event, the price of Cardano will continue to fall to the level of 0.28 and then 0.2, ⚠️although this scenario is far from expected.⚠️
Today I am trying to review important currencies and draw their important levels. Please support me.
In the current market conditions, step buying (DCA Strategy) always had the best returns.
⚡️Now the prices of cryptocurrencies have returned to the level of the last two to three months, so analyzing the current situation should be a priority for everyone.
⚠️Markets have experienced severe fluctuations since the beginning of the turmoil in the Middle East.
If you are not a professional trader, do not trade until the end of the next two weeks and just watch the market.
Trading in crisis conditions is the style of some short-term traders, which requires specialized risk and setup management tools.⚠️
Trade closed: target reached
📈As we discussed in the previous analysis, Cardano stabilized at its support level and experienced limited growth.📉
💡In the last week, positive news has been published about Cardano, and this cryptocurrency has the potential to grow more than Bitcoin in the next week if ⚡️the cryptocurrency market does not decline any further. ⚠️
🔑Right now, the price of Cardano can advance to the specified levels with further stabilization inside the yellow zone.
🔑The first upward step will be up to the level of 0.57 and after that the second step will be up to the level of 0.66.
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📲 Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
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