Hello EveryOne !
As you can see , ADA (Cardano) is in downtrend , once a downtrend established it is more likly to continue than it is to reverse , because its takes less energy to continue than it does reverse one.
So I think point 2 (Current stage) has not enough energy to reverse the trend and it's a just correction like point 1 (due to volume ).
Why this correction occurs ?
In a primary downtrend short sellers succumb to the temptation to lock in their gains as the price sinks lower
note: Maybe price correction goes above the points I've mentioned , but reaching the target is more possible than new powerful uptrend .
As you can see , ADA (Cardano) is in downtrend , once a downtrend established it is more likly to continue than it is to reverse , because its takes less energy to continue than it does reverse one.
So I think point 2 (Current stage) has not enough energy to reverse the trend and it's a just correction like point 1 (due to volume ).
Why this correction occurs ?
In a primary downtrend short sellers succumb to the temptation to lock in their gains as the price sinks lower
note: Maybe price correction goes above the points I've mentioned , but reaching the target is more possible than new powerful uptrend .
Nota
Now : Price Trap !time to short
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.