ADA USDT possible breakout / LONG
Updated
cardano is one of the largest crypto currencies out here, meaning is worth keeping an eye on.
1. big picture uptrend still in progress and shows some resistant with keeping a higher low latley.
2.there is a 61.5% correction from the ATH. through the correction,ada tried to keep climbing though btc/bulltraps kept it down.
3.broke lower timeframes down trend recently, we in the testing phase.
4.ichimoku cloud (12h chart) shows downtrend weakness.
5.MACD is showing downtrend weekness and is about to cross.
6.VPVR indicator shows clear local support and resistance spotes backed by latest volume action.
supports by vpvr: 1.3 - 1.2 - 1
resistance by vpvr: 1.45 - 1.6 - 1.75
for the longer term there is no doubt we will climb higher to a new ATH.
GOOD YEAR!
NOT A FINANCIAL ADVISER
DO YOUR OWN RESEARCH.
1. big picture uptrend still in progress and shows some resistant with keeping a higher low latley.
2.there is a 61.5% correction from the ATH. through the correction,ada tried to keep climbing though btc/bulltraps kept it down.
3.broke lower timeframes down trend recently, we in the testing phase.
4.ichimoku cloud (12h chart) shows downtrend weakness.
5.MACD is showing downtrend weekness and is about to cross.
6.VPVR indicator shows clear local support and resistance spotes backed by latest volume action.
supports by vpvr: 1.3 - 1.2 - 1
resistance by vpvr: 1.45 - 1.6 - 1.75
for the longer term there is no doubt we will climb higher to a new ATH.
GOOD YEAR!
NOT A FINANCIAL ADVISER
DO YOUR OWN RESEARCH.
Note
as you can see, we too target 2 of the profit in the meantime :)
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