ADAUSDT - Cardano back to $1

Mar 3, 2021

I would say that Cardano has been one of the better performing assets of 2021 and it's going through a bit of a distribution phase if you ask me. It looks like we're in the making of a bear flag in a complex correction.

We appear to be moving back to the 61.8% retracement which should put us somewhere between $1 and $1.02.

This is where I'd be interested in purchasing... if we break up and out of this wedge, I'd be a buyer on a retest. Not sure I'd risk buying right here, though.

Mar 5, 2021

Trade closed: target reached

We bounced at around $1.03 which is basically where I said we'd go. Either way, down was the direction.