Trend line analysis
Updated
Gladly the zigzag following the trend line from 24 Febuary didnt suffer a down trend (lower than 1).
At GMT -5 11:00am Washington DC time, we got to see a slight uptrend in coin price (broke past 2).
If it does not close above (3) this week, we might see a zigzag pattern bouncing between 2 and 3.
Dropping past the (2) trend may lead the price to go down to between 1 and 2. Otherwise, we may see a positive trend if price closes past trend (3) in a few hours to until a day or two.
Important trend line to follow is when price reaches between trend 3 and 4. Price will definitely not stay in between trend 3 and 4 for a long period due to it having a very low margin to bounce back and forth (zigzag pattern).
If we see positive uptrend which goes past 4, price would most likely go until trend line *5* or even uptil *6*.
Price movement predicted to take at least 2 days until the course of whether the coin is ready to break resistance at *4*.
End of month Febuary analysis.
Update.
Due to the continuity of buying volume from Gmt -5 7am - 11am Washington DC time, I predict the accumulation has begun, and we should be seeing price breaking the resistance at *4* in a couple days and move to trend *5* line. Then retrace back to arrow -----> and then zig zag pattern into the month of March. *:)*
At GMT -5 11:00am Washington DC time, we got to see a slight uptrend in coin price (broke past 2).
If it does not close above (3) this week, we might see a zigzag pattern bouncing between 2 and 3.
Dropping past the (2) trend may lead the price to go down to between 1 and 2. Otherwise, we may see a positive trend if price closes past trend (3) in a few hours to until a day or two.
Important trend line to follow is when price reaches between trend 3 and 4. Price will definitely not stay in between trend 3 and 4 for a long period due to it having a very low margin to bounce back and forth (zigzag pattern).
If we see positive uptrend which goes past 4, price would most likely go until trend line *5* or even uptil *6*.
Price movement predicted to take at least 2 days until the course of whether the coin is ready to break resistance at *4*.
End of month Febuary analysis.
Update.
Due to the continuity of buying volume from Gmt -5 7am - 11am Washington DC time, I predict the accumulation has begun, and we should be seeing price breaking the resistance at *4* in a couple days and move to trend *5* line. Then retrace back to arrow -----> and then zig zag pattern into the month of March. *:)*
Comment
Unfortunately we dropped down lower than trend 1*, please have some fiat on your exchanges. This could be the start of bear market.Comment
It seems the accumilation signs were not enough to keep the price above trend 2.We saw today that the price dropped to 2* trend line, so we might be seeing zigzag pattern form between trend line 1* and 2*
Comment
I cant believe my prediction was right. It actually went all the way to the MAX, and then the uptrend stops there. I'm guessing the price will retrace back to 1.35$ and we will see from there where it goes.
Most likely on the 27th of Feb, at Gmt -5 11am Washington DC time, we will see the next crucial price movement take place.
Comment
This is it guys, we have come to the lowest of the lows, we shouldnt go past this level of support. Only way is up! Also, it depends on BTC aswell.
Comment
It sadens me to see cardano like this, I hope it wont break past current support price of 1.14cents. Thought im very optimistic as we have plenty of support at this level.Current price may be the last times we could be seeing cardano this low.
Otherwise, we could possibly be looking at a dip of until .92 cents or just .98 cents.
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