Cheap price for Cardano / Bullish Orderblock / Daily
Since ADA hit new ATH ( $3.101 ), price fall down about 60%. Now it returns back to the weekly bullish orderblock.
We have series of sell climaxes + parabolic wedge so all together sign of exhaustion.
Also I marked up a support area which I think ADA won't fall below this level.
You can buy right now but as long as price is below bear trendline, still bearish.
So for mid-term and long-term holders ADA has cheap price right now.
And also remember that almost every week we see new blockchains products and platforms.
As a trader or holder you have to check the competitive advantage of projects
then find low prices with technical analysis and get profit !!
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
We have series of sell climaxes + parabolic wedge so all together sign of exhaustion.
Also I marked up a support area which I think ADA won't fall below this level.
You can buy right now but as long as price is below bear trendline, still bearish.
So for mid-term and long-term holders ADA has cheap price right now.
And also remember that almost every week we see new blockchains products and platforms.
As a trader or holder you have to check the competitive advantage of projects
then find low prices with technical analysis and get profit !!
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...