ADAUST trade ideas
ADA ACCUMULATION PHASEAda is in complete accumulation phase.
Accumulation is to collect or increase the amount of something. Accumulation can refer more narrowly to increases in the position size of an asset that is built up over multiple transactions. Accumulation can also refer to the overall addition of positions to a portfolio.
In technical analysis , accumulation points to a general increase in buying activity in an asset. In this case, the asset is said to be "under accumulation" or "being accumulated."
ADA has been observing the expected fall of each rising wedgewith one exception, each rising wedge has respected the last green candle lower body close as the target price once if falls out of the wedge. there was one notable exception when the redistribution fell to a lower level. on a macro basis, it makes sense for the tokens/coins to spend some more time down in this accum range since the whales are still figuring out their game. IMO - we won't see another real "bear market" for crypto. too many eyes on it now, too mainstream.
ADAUSDT continues to fall.As we can see, ADAUSDT continues to move in the downward channel and no preconditions for a reversal are seen yet. The fall started on June 03 and the ADAUSDT price has dropped 32% since then. If Bitcoin continues to fall, ADAUSDT will fall with it.
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Don't miss the great buy opportunity in ADAUSDT @ cardanoLONG TERM opportunity levels for cardano (ADA)
Trading suggestion:
. There is a possibility of temporary retracement to 0.96$
. traders can set orders based on Price Action and expect to reach short & long term targets.
Technical analysis:
. 1 Buy at 0.96$
. 2 Buy above 0.54$/0.39$ zone leads more upside.
Take Profits:
Short term Targets = 1.53$, 1.71$, 1.88$
Mid term Targets = 2.46$, 3.37$
Long term Targets = 3.92$, 4.89$, 7.32$
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