Crypto is slumping but some coins / stocks more than others.
ADA has been one of the strongest coins in accumulation, in pump action and here appears to be again one of the strongest in correction.
And this looks like a bull flag developing here.
If Bitcoin prints a selling climax then ADA will likely break the bull flag to the downside.
But this is common with these cause building fractals.
And if this happened it would likely be the bear trap shakeout before the next wave up.
In the bearish case I dont see it getting much lower than the current $0.76 low.
But a slightly lower low below that low could be the final pivot before the next wave up.
Or it may just hold and get moving on up from here.
Its not really possible to know but observing Bitcoin technicals will assist to know the answer as this develops - Bitcoin thread linked below.
In the end its up and up for Cardano from here 👍🏻.
Not advice
ADA has been one of the strongest coins in accumulation, in pump action and here appears to be again one of the strongest in correction.
And this looks like a bull flag developing here.
If Bitcoin prints a selling climax then ADA will likely break the bull flag to the downside.
But this is common with these cause building fractals.
And if this happened it would likely be the bear trap shakeout before the next wave up.
In the bearish case I dont see it getting much lower than the current $0.76 low.
But a slightly lower low below that low could be the final pivot before the next wave up.
Or it may just hold and get moving on up from here.
Its not really possible to know but observing Bitcoin technicals will assist to know the answer as this develops - Bitcoin thread linked below.
In the end its up and up for Cardano from here 👍🏻.
Not advice
Dagangan aktif
If you like my content and would like to see more of it then a BOOST is a good way to communicate this and gets my thread higher in the TradingView listings.The more BOOSTS I receive then the more it shows me that there is interest and thus I am more likely to make content.
If you don't have time to BOOST then I will be less likely to contribute to free content websites such as TradingView.
Thanks for the support 👍🏻.
Nota
This will be my last content of the year.Have a great NYE and best wishes for 2025🎆
Nota
2025 opens and Cardano is breaking out❕Congrats if you managed to pick some up on the dip - already 10% up 👍🏻
Nota
$1 ADA. More to come 🚀.Nota
ADA is rocketing here and congrats to those of you that bought the $0.86 dip 👍🏻 - now up 30% ❕I'm going to be taking a break from posting here for a while.
Its part of the process of what I do.
Best of luck in your trading 👋🏻
Nota
And thanks for the Boosts; they are appreciated. My thread is on TradingView front page for Cardano today ❕🥳 tradingview.com/symbols/ADAUSD/?exchange=BINANCE
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penerbitan berkaitan
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Penerbitan berkaitan
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.