theTAguy

Cardano to moon again!

KRAKEN:ADAUSDT   Cardano / Tether USD
Hey everyone,

We are currently in our buying zone of Cardano , which I discussed in the previous idea. If you haven't viewed it yet, go chack it from the link below.

As discussed in the previous idea, $ADA went bearish after a consolidation of 1 month. Now, it is nearing a very strong demand zone , which can result in a trend reversal. The trend reversal might come with the formation of reverse head and shoulders pattern, which might end up in breaking the red trendline, and the pullback to the trendline will be the main place to enter the long position.

But, if it breaks the demand zone , we might a further move downwards. Many things depend on the move of Bitcoin too.

Trade safe, be alert to add some positions in the next dip.

Thank you!
Comment: Going according to the plan!
Comment: Major selling done, can add longs at 1 USDT

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.