Cardano(ADA) close to the whales buy areas🔥 One more chance?

٧ سبتمبر ٢٠٢٢

Hi friends! Cardano made +17% after my last idea, but now it dropperd after ADA tested the $0.51 resistance and made false breakout of the level.

✅ Check this idea to understand the preconditions and make at least +17% per 1 trade.

Now the price drop to the HUGE SUPPORT which is $0.45-0.47 value area. You can see that is only 1 massive area which hold the price now. ADA can consolidate above this area and start squeezing to the trendline. This will be the first chance to open a long.

If the price make the pullback to $0.424 key level, it will be the great chance to not just open a long but buy some coins on spot. As you can see, there were a lot of buyers at this zone during last 2 months. The whales accumulate a lot of ADA.

📊 Preconditions to open a long:
🔥 test as support or the false breakout of $0.424 key level
🔥 volume growth which confirms the pressence of buyer one more time
🔥 bullish BTC help the ADA reach the target. It will be interresting to see the false breakout of the $17600 (local low).

🚩 The huge buy orders (order wall) on DOM and Footprint which confirms the pressence of big player. I prefer to open the trade in the same direction with the whales.

📊 The targets:
$0.051 - key level
$0.06 - key level

💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.