ADA about complete ABC correction before rise again
Technicals
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Currently we are at top of B corrective wave (and right shoulder) of a full EW pattern in formation since April 26th. If that's correct, we will se a new pullback to kiss ~0.618 fib and EMA 100, around $1.53.
Decreasing volume and bearish divergence support this pattern.
Fundamentals
============
Cardano will be at Coindesk Consensus congress at May 24th-26th. Will reveal it's roadmap to move into production it's main net as level 1 blockchain with a great technology faster than Ethereum and without big fees problems. This will bring more liquidity to ADA at the end of the month.
If pattern completes, next pullback to ~$1.53 will be a very good entry point for a great investment for the long term.
Good luck.
=========
Currently we are at top of B corrective wave (and right shoulder) of a full EW pattern in formation since April 26th. If that's correct, we will se a new pullback to kiss ~0.618 fib and EMA 100, around $1.53.
Decreasing volume and bearish divergence support this pattern.
Fundamentals
============
Cardano will be at Coindesk Consensus congress at May 24th-26th. Will reveal it's roadmap to move into production it's main net as level 1 blockchain with a great technology faster than Ethereum and without big fees problems. This will bring more liquidity to ADA at the end of the month.
If pattern completes, next pullback to ~$1.53 will be a very good entry point for a great investment for the long term.
Good luck.
Dagangan ditutup: sasaran tercapai
Pattern developed exactly as expected.Let's see how it develops over the next crucial hours.
Thank you all
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.