Considering a Long-term Long position at ADA ( Cardona ).As we know ADA reached a higher high last February. That means it shows strength to rise again, even to make a higher high. Some might say Change of Character (CHOCH) formed here. What I am seeing is not CHOCH, just gaining some strength while BTC is going down. Closing a candle above 0.525 in 1W TF will be a huge confirmation to go even further. I am waiting for the Break of Structure (BOS) or CHOCH in the 1H-4H timeframe.
Cardonaethereum
ADAUSDT May See A Slight FallThe Pair couldn't break the trendline to retest the previous swing high. Sellers are pretty strong but for how long?
Let's see!
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
Is not over yet! Corrections continue until...Hi fellow traders, Don't be fooled with the sudden break we have now, ADA and so Bitcoin are going into that phase of correction. For ADA, we are forming a descending wedge that eventually will lead us down to 1.10- 1.05 support area. The last gap will be filled!
Follow the green arrow, it will be adjusted a we go through the process, we should expect to reach the 1.24 before we retreat again to the level of 1.14 and eventually 1.09ish.
Please trade at your own risk