Buyada
ADA: I told you it would go up! 🤩Hey guys!, this is Julie 😁
FINALLY my friends! ADA is finally recovering from this downtrend!
Today ADA is up by almost 9% and that is really great!
We can see that the bears have been losing strength along the way as it has not had the strength to fall below the support level (green line).
What is more, I just realized that we are exactly at Fibonacci Retracement 61.8%, and it would be REALLY hard for ADA to fall below this level.
And to complete this fantastic reversal, ADA just passed the 21 EMA!
We now have lots of technical confirmations indicating that it will recover.
If you are out of ADA, I think now is the time to keep an eye on it, because I think it may give a buy signal soon, just wait for tomorrow for more confirmation.
If for some reason it falls again, as I said, it will be extremely difficult to drop below this green line region.
This time I really believe CARDANO WILL FLY! 😍
Thanks for reading my analysis! Please, support me with your like and subscription! 😊
Bye bye, have a nice day. 😉
ADAUSDTCardano, is the time to buy a new dip?
Above is a technical overview on ADAUSDT and the most important zones to take in consideration!
Cardano currently is at a very important zone based on the bullish trend on Daily frame in combination with the supply and demand zone and moreover we have an important Fibo Level.
i would love to consider current level a good dip to invest more in this project!
This is not a financial advice.
Trade safe, Joe!
ADA Cardano - I am super bullishMy argumentation:
Cardano has been sold off three times for more than 80% - Elliot Wave Theory --> ABC correction coming
Selling pressure seems to be gone since moving in that range, it doesn't seem as if anyone wants to sell it below these prices --> market makers will have to move in the other direction to benefit from the situation
The 200 ema in the Daily setup has been crossed and confirmed with two positive candles, (third today)
RSI came out of negative slope and was confirmed in the weekly.
Ichimoku nice close and room to minimum of cloud (not shown in chart)
Personally I went big time into this setup. Not financial advise!
Happy trading!