BE OPTIMIST AND FOLLOW PRICE ACTION - CARDANO- ADA/BUSD - DAILY
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Stay optimist on this project but beware, everything is possible as competitors are working hard and it is up to the crowd to support on or another.
Cardano ADA price has decreased after a huge run in the long direction.
This month is very important for the Cardano project (fundamental analysis side).
As we stay focused on the graphical analysis we can see that a range is probably defined now with a strong sqeeze up some others down.
The green rectangles are probable good price levels to enter long.
While red rectangles define zones which probably tend to be more short entries ones.
Specially that you can see that the up trending black line shows a potential '"normal" road for the ADA price if there hasn't been all that maze happening the past two months.
Very high probability to see the price fall if in breaks that black trending line.
The grey rectangle, on the upper side, is a probable waiting zone, strong pullback probability as the price seems to enter in a ranging "mode". If strong volumes follow the break of that zone, a consolidation above the past squeeze of buyer will probably be the start or a super run above $2.
The market could anytime push strongly up but it seems to be consolidating the price just above $1 before next event. Keep in mind that developers follow their plan and exchanges choose yes or not to list the tokens... follow my eyes: "Coinbase" …
For the moment, as since the start of this "Crazy 2021" year, we stay optimist, keep in mind the probable zones of price action and probably look for long entry opportunities.
_____________________________________________________________________________
Stay optimist on this project but beware, everything is possible as competitors are working hard and it is up to the crowd to support on or another.
Cardano ADA price has decreased after a huge run in the long direction.
This month is very important for the Cardano project (fundamental analysis side).
As we stay focused on the graphical analysis we can see that a range is probably defined now with a strong sqeeze up some others down.
The green rectangles are probable good price levels to enter long.
While red rectangles define zones which probably tend to be more short entries ones.
Specially that you can see that the up trending black line shows a potential '"normal" road for the ADA price if there hasn't been all that maze happening the past two months.
Very high probability to see the price fall if in breaks that black trending line.
The grey rectangle, on the upper side, is a probable waiting zone, strong pullback probability as the price seems to enter in a ranging "mode". If strong volumes follow the break of that zone, a consolidation above the past squeeze of buyer will probably be the start or a super run above $2.
The market could anytime push strongly up but it seems to be consolidating the price just above $1 before next event. Keep in mind that developers follow their plan and exchanges choose yes or not to list the tokens... follow my eyes: "Coinbase" …
For the moment, as since the start of this "Crazy 2021" year, we stay optimist, keep in mind the probable zones of price action and probably look for long entry opportunities.