Cardano and why its still a Bull Market
Updated
Seen some clowns posting about a daily death cross trying to lead everyone to the poor house with them.
Cardano is NOT in a Bear Market, it is called a markdown phase after an extended rally, in this case, a 10,000% rally, so please explain how that is bearish?
In terms of Elliot Wave, the 4th wave is usually longggg and slowww, if you zoom out to the weekly you can see a reverse symmetrical triangle forming within the 4th wave
RSI is in the Oversold zone and support has been held.
Q) How to play?
A) This is either Leg D or E, if it's the first, then we have a few trades left to make. If it's the latter, then I will be looking for a strong breakout with no backtest.
DYOR
Comments Welcome!
Cardano is NOT in a Bear Market, it is called a markdown phase after an extended rally, in this case, a 10,000% rally, so please explain how that is bearish?
In terms of Elliot Wave, the 4th wave is usually longggg and slowww, if you zoom out to the weekly you can see a reverse symmetrical triangle forming within the 4th wave
RSI is in the Oversold zone and support has been held.
Q) How to play?
A) This is either Leg D or E, if it's the first, then we have a few trades left to make. If it's the latter, then I will be looking for a strong breakout with no backtest.
DYOR
Comments Welcome!
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pooltool.io/Track the amount of Cardano Staked
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STILL HOLDING....Note
Yearly support on the weekly, oversold, buy territory. Still holding...
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$5 - $9 ADA incoming...Note
Load up your ADA bags.Note
chart still valid, load em up...Note
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MAJOR BUY OPP COMINGNote
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total 2 holds 50% retracement, it'll retry the 88.6% after printing three tertiary lows. ADA will follow suit.Note
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HERE COME THE BULLS!Note
BULL RUN 2022Note
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the bears have won for sure. I am looking for the market to find a bottom in this range.Note
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ada targets now that the daily breakdown target was reached from the post back in February
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