Ada is near lower support. When price reaches support, We can prepare for a long trade to 1.59s
Here is a slight possibility that ADA follows the Wyckoff Accumulation, though I have preferred the close of candles over the highs and lows.
The strong dump has formed a head of HNS pattern, if successfully forms HNS pattern and breaks neckline, we could see $1 again. This level is very important and needs to hold above the right shoulder to make HNS pattern invalid. seems difficult for that. Only the King(BTC) can show some mercy Regards
the chart goes to create a wave2 and then would be ready to continute the bull run
Fibonacci Channels are used to determine fibonacci support and resistance levels within an identified trend. These channels can easily be drawn in both uptrends or downtrends to find potential areas where price action could change. Uptrend When drawing a Fibonacci Channel on an uptrend, a clearly identified trend needs to be established with higher lows ...
break out happend. Best entry price : 1.6
#ADA CARDANO GOES TO BREAK THE RESISTANCE AT $ 2.55 - NFA.
Cardano going great and successfully achieve all short-term targets but ada looking still bullish with new possible parabolic movement tatgets..if we holding major supports...!!
We can see a Double bottom pattern formation for ADA/USDT, Long position may be taken when the stick stick the resistance, pulls back to support and opens with the Green Candle to support the Bullish trend. The 200 MA shows the imminent upper trend.