ADAUSDT Now BEARISHđ»Future PARABOLICđ
Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. đ©đ«
A detailed video update on Cardano / ADAUSDT with 4 confirmations why I am leaning towards the bears SHORT-TERM :
đ» Technical Indicator Phoenix Ascending which contains the LSMA , EMA and RSI ,
đ» The Candlestick Analysis ,
đ» Support zone and Resistance zone analysis,
đ» The Bollinger Bands.
Considering that these four methods of speculating short term price action are all pointing bearish, we also take a look at the next possible bounce/ support zone for ADA.
NOTE that even though I am bearish short term, I do still believe that this makes for an excellent accumulation phase price . From these levels, the price can likely go PARABOLIC after after finding a bottom as it has previously after reaching lows.
Some altcoins do rally untimely during a bearish market, but it is usually the smaller market cap coins / micro caps that have mini rallies whilst BTC trades lower. Here are a few that I'm watching :
_______________________
đąFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities đHit like & Follow đ
We thank you for your support !
CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. đ©đ«
A detailed video update on Cardano / ADAUSDT with 4 confirmations why I am leaning towards the bears SHORT-TERM :
đ» Technical Indicator Phoenix Ascending which contains the LSMA , EMA and RSI ,
đ» The Candlestick Analysis ,
đ» Support zone and Resistance zone analysis,
đ» The Bollinger Bands.
Considering that these four methods of speculating short term price action are all pointing bearish, we also take a look at the next possible bounce/ support zone for ADA.
NOTE that even though I am bearish short term, I do still believe that this makes for an excellent accumulation phase price . From these levels, the price can likely go PARABOLIC after after finding a bottom as it has previously after reaching lows.
Some altcoins do rally untimely during a bearish market, but it is usually the smaller market cap coins / micro caps that have mini rallies whilst BTC trades lower. Here are a few that I'm watching :
_______________________
đąFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities đHit like & Follow đ
We thank you for your support !
CryptoCheck
