Cardano / Tetherتم تحديثه Where from here ?
Wow !!!
ADA went up like a rocket. These gains look very unrealistic at first glance to anyone but its a different story when you dig deeper into details. I would like to invite you in my time machine and take you back in 2017. I bough my first home and you ? Back to ADA- It was launched in same year by Charles Hoskinson and opened at $1 ( looking at ADA/USDT bitrex chart). A very few people knew what it was and even fewer knew how to value it. So it went down 60% in a week and then went up like 100% next week from that lows (1.38-0.40 range) before plummeting to all time lows with overall crypto market.
!! Fasten your seat belts we are going to 2020. Put your masks on before unloading the ship there's a nasty virus out there. For those who do not have masks can wrap your undies around their faces.
So we had historical health crisis accompanied by historical dump in the markets and historical highs with record stimulus. Not Just ADA everything rallied, generally when you have so much money flowing in the markets with record low interest rates. All the major indexes made ATH in 2020-2021 with record high valuations. I expected ADA to at lest retest the $1.
The Technical Picture
It looks like a cup on weekly chart. I expect ADA to make a retracement from $1 which will make a handle will last several weeks while forming a complete cup and handle. I have drawn some S/R levels you can trade with proper RR.
The rsi is overbought which is not an issue ha ha. But we have a bullish divergent structure formed on rsi which suggests ada has a lot of room to grow with time to come.
Please like or comment
ADA went up like a rocket. These gains look very unrealistic at first glance to anyone but its a different story when you dig deeper into details. I would like to invite you in my time machine and take you back in 2017. I bough my first home and you ? Back to ADA- It was launched in same year by Charles Hoskinson and opened at $1 ( looking at ADA/USDT bitrex chart). A very few people knew what it was and even fewer knew how to value it. So it went down 60% in a week and then went up like 100% next week from that lows (1.38-0.40 range) before plummeting to all time lows with overall crypto market.
!! Fasten your seat belts we are going to 2020. Put your masks on before unloading the ship there's a nasty virus out there. For those who do not have masks can wrap your undies around their faces.
So we had historical health crisis accompanied by historical dump in the markets and historical highs with record stimulus. Not Just ADA everything rallied, generally when you have so much money flowing in the markets with record low interest rates. All the major indexes made ATH in 2020-2021 with record high valuations. I expected ADA to at lest retest the $1.
The Technical Picture
It looks like a cup on weekly chart. I expect ADA to make a retracement from $1 which will make a handle will last several weeks while forming a complete cup and handle. I have drawn some S/R levels you can trade with proper RR.
The rsi is overbought which is not an issue ha ha. But we have a bullish divergent structure formed on rsi which suggests ada has a lot of room to grow with time to come.
Please like or comment
ملاحظة
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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.
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.