ADAUSDT Sleeping Giant: ADVANCE Next ⬆

Hi Traders, Investors and Speculators of the Charts 📈📉

Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.

In this quick analysis on Cardano, we take a look at:
👉 Bollinger Bands Strategy : What comes next?
👉 Technical Indicator Phoenix Ascending : Where is the short term momentum, bullish or bearish?
👉 Trendline analysis : Local support zone and resistance zones in yellow
👉 Market Cycles : 4 Phases 7 & Wyckoff Method
👉 What NOT to do now

The reasoning behind labelling this post as a "long" , is because I don't believe in trying to catch the exact bottom. this very often leaves you positionless and forces traders to try and jump in whilst the price is going parabolic. With a little more patience, from here the price could easily do a +260%, which is a modest target.


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Komentar:

Cardano looks bullish after such a long consolidation.