Let's jump in! Cardano has not fared well for a very long time. I already gave you a warning 2 weeks ago, that you shouldn't buy due to the descending channel. At this very moment we are taking a look at the 2H ADABTC Chart.
As you can see we are on the edge of the Bollinger Bands, and have just have a nice green candle with good volume which means we will have a reversal. We are under the 78,6 % retracement level.
The RSI was oversold, but are pointing upwards now. The MACD is about to make a bullish MACD-Cross!
You guys might be able to make some percentages on this trade!
Good luck!
D4 loves you! <3
Please GIVE A BIG LIKE. And Remember the PARTY and lots of $$$$$ on Wednesday!
Komen
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So here is a reason why I believe it was a good buy besides the things I already mentioned. We can get in via inverse HS pattern, and allow us self to go a bit back.
But as people already has mentioned in the comments, we have to monitor the BTCUSD chart very closely. If BTC goes down, ADA would go down harder. But if BTC fares ok and start to go up or range ADA can go higher.
It's very hard to make trades like this at this moment with all the uncertainty in the market.
But D4 is not afraid of anything! He IS controversial! And he says what he believes in.
Guys you cant make chart prediction when noone even knows where btc is heading. Once btc drop below 9200$ ada is lost, completely. This would be anazing buy if market was healthy if bitcoin went up, which clearly is not the case
Gringo1nlx
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@Gringo1nlx, overall lately top coins are just holding grounds or falling and only shit coins do get actual pumps.
TomPower
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@Gringo1nlx, Ah wise one, if only one knew the difference, lol!!
@Gringo1nlx, this guy is so full of sht it’s amazing
Gringo1nlx
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@GustavoBrucestavo, he isnt bad. He made nice predictions lately but i dont knoe how these analysts make chart predictions right when everything is so shaky and potential for loss of money is big...the biggest full shit person is alanmasters. Go check that guys posts.
GustavoBrucestavo
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@Gringo1nlx, I agree his “predictions” haven’t been bad lately, but if you throw enough shit on the wall some is bound to stick. His false bravado and self advertising is what is making the crypto space toxic.
I’ll check that other wanker out. There are only 2 I’ve found that carry themselves decently.
@dpictx, absolutely. Maybe we can compare notes as I doubt I’ve scoured Trading View for every possibility.
dpictx
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@GustavoBrucestavo, MarcPMarkets is my personal favourite. He covers as many bases as can be expected, always presents multiple scenarios, and his version of best practice has served me well in understanding my own impulses . I haven't scoured TV too much, at the end of the day, these markets are volatile and the noise and FUD surrounding them often screw up the best analysis. I'm looking at GVT at the minute, torn between the recent gains/overall market unpredictability, and its apparent superiority over coins with 10+ times its market cap.