Disclaimer: This is a personal observation, I don't intend to claim this facts as the absolute truth of the events that are happening in the market.
As we can observe, the Wyckoff Distribution Model suggests that BINANCE:ADAUSDT is standing on the Last Point of Support and (supposedly) should bounce back looking forward to get back on track with the B ull...
ADA 4H chart recently presented a Morning Star pattern, which indicates a reverse on this short Bearish Cycle we've been experiencing. The most certain thing is that the Bull market is back on track and the price is going up from now on.
Basic Technical Analysis of Cardano Price on April 14th 8:33am.
Atm the prince is oscillating between 1.41 and 1.38 looking forward to the ATH of 1.48 and brake the Bullish Flag pattern.
The price is back on the 0.786 level of Fibonacci Ret. and will try to brake the 1.0 at $1.48 soon.
The price is accumulating and will brake out soon in the upcoming week....
