ADA about complete ABC correction before rise again
Technicals
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Currently we are at top of B corrective wave (and right shoulder) of a full EW pattern in formation since April 26th. If that's correct, we will se a new pullback to kiss ~0.618 fib and EMA 100, around $1.53.
Decreasing volume and bearish divergence support this pattern.
Fundamentals
============
Cardano will be at Coindesk Consensus congress at May 24th-26th. Will reveal it's roadmap to move into production it's main net as level 1 blockchain with a great technology faster than Ethereum and without big fees problems. This will bring more liquidity to ADA at the end of the month.
If pattern completes, next pullback to ~$1.53 will be a very good entry point for a great investment for the long term.
Good luck.
=========
Currently we are at top of B corrective wave (and right shoulder) of a full EW pattern in formation since April 26th. If that's correct, we will se a new pullback to kiss ~0.618 fib and EMA 100, around $1.53.
Decreasing volume and bearish divergence support this pattern.
Fundamentals
============
Cardano will be at Coindesk Consensus congress at May 24th-26th. Will reveal it's roadmap to move into production it's main net as level 1 blockchain with a great technology faster than Ethereum and without big fees problems. This will bring more liquidity to ADA at the end of the month.
If pattern completes, next pullback to ~$1.53 will be a very good entry point for a great investment for the long term.
Good luck.
أغلقت الصفقة: تم الوصول للهدف
Pattern developed exactly as expected.Let's see how it develops over the next crucial hours.
Thank you all
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.