Cardano is still looking BULLISH, best case scenario for ppl that didn't bought when price was lower. BTC correcting, so does the entire market a bit. Have a great night. P.S: As link you will find my dear friends analysis on BTC situation, go ahead and follow if u want to be informed of the changing situation daily.
Same signal as when I short it, it hit the important support at 34300 and RSI fall so deep that from now it should go UP. POSITIVE MONDAY, GREEN LIKE MOST OF THE TIME. Good luck
Charts speak for them selfs. One thing needs to be pointed out. Monday is usually Green for crypto, if Monday is red, prepare for a RED week! More updates to come.
Looking at the 1hr RSI we are too high rn, which means that BTC is overpriced and will correct most probably. See history behind RSI tactic. Have fun, the Big_Bear saw it.
Ok so now let me break it for u what I see. In order trend to continue and catch a MSL (major swing level) this movement must continue above the previous MSL in order to mark it as an actual swing. I see a lot of ppl calling it a dip well its not until it clears the in short term the levels ~36200 and then above ~40-41. As you can clearly see when the downtrend...
we clearly see that price is holding under red line (EMA 20) which is a clear trend sign. This plunge should continue if we don't see price hitting blue line (EMA50). This is a simple ema analysis...
My last day analysis was correct and it reached the price of 36900 during the day. Now I see -5.5% fall since DEAD CROSS and according to historical data we might see up to -40% more downfall. HAPPY TRADING
I see many bullish analysis but I think today (at least before the opening bell in the US) market will be bullish. We will most probably test 39600 level today. Happy trading and be safe!