ADA - Excellent Zone to Accumulate NOW

Aug 23, 2023

Hi Traders, Investors and Speculators of Charts📈📉

A quick look at Cardano. First, let's establish the Macro Market Phase that we're current trading in. This helps manage realistic price action. ADA is currently in pre-bull market phase / accumulation phase, in other words it is a great time to accumulate for the rally to come with scattered buying orders.

However, this doesn't rule out the possibility of another shakeout or bear trap, where the price drops as low as 20c before starting a new bullish phase.
A look at the technical indictor confirms this for the short term, where we see a very bearish scenario on the daily in terms of Technical Indicator.

Worried about the recent drop in price across crypto markets🤔? Check out this idea:

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Sep 1, 2023

Note

Playing out as I anticipated.
Still see ADA heading lower, scattered orders between this point and 20c. Might take some time to fill up. (Although usually when I say that it happens super fast idk why 😂 )