ADA, a possible BREAKOUT after the WHALES accumulation?
Cardano (ADA) failed to close above a large value zone through not enough number of buyers. Traders who were opened long positions in this value zone also wanted to close their positions at breakeven ($1 level), which also caused the price to fall.
The price is squeezing below the global trendline now. Before reaching the $1 level, we expect liquidity collection at $0.746, after which price could go up.
After the liquidity collection, the BIG players will probably take their long positions, and we will possibly do the same.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
The price is squeezing below the global trendline now. Before reaching the $1 level, we expect liquidity collection at $0.746, after which price could go up.
After the liquidity collection, the BIG players will probably take their long positions, and we will possibly do the same.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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