Cardano

ADA Cardano Equilibrium Pullback and Possible Trade Opportunity

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🔵 ADA (Cardano) on the weekly timeframe is holding a strong bullish trend 📈. We can see price has retraced into the Fibonacci 50–61.8% zone 🔢, which is typically a pullback into equilibrium ⚖️—an area often considered an ideal continuation entry in line with the trend.

👀 My bias remains long, but let’s break it down further:

📊 On the 4H chart, price action suggests a potential base forming—possibly big money accumulation 💼💰. That said, we don’t yet have a decisive break above to confirm.

🔎 Zooming into the 30M chart, the recent downtrend has been compromised with a shift in structure to the upside 🔄📈. What I’m waiting for now is:

1️⃣ An expansion above the previous high
2️⃣ A retracement and retest
3️⃣ A potential buy opportunity in alignment with trend ✅

This setup also aligns with a possible Wyckoff accumulation 📚—we’ve got relative equal lows, and a liquidity spike below could create a springboard for more bullish activity 🌱🚀.

⚠️ This is purely educational and not financial advice 🔒

Penafian

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