ADA (Cardano) Beautiful Wyckoff Accumulation
Identified this wyckoff accumulation April 25th and have been watching it play out leading to the breakout of the accumulation range around May 6th ; It was definitely under pressure with Bitcoin and the rest of the crypto market, but despite its nasty wicks the candle closes were never lower and its one of the few cryptos to maintain higher lows and not officially go into a downtrend on the daily. (The only other big one I pay attention to and watch is MKR). But lets just say the Bitcoin Dump provided amazing opportunities to accumulate close to the bottom of $1 and in a sense this created a nice backup.
As long as we stay and confirm what was once resistance as support, Cardano (ADA) is one of the best looking charts technically right now and accumulation near 1.50 and lower has been nice.
As long as we stay and confirm what was once resistance as support, Cardano (ADA) is one of the best looking charts technically right now and accumulation near 1.50 and lower has been nice.
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.