I am using 3D candles. The last session is a Doji on ADAUSDT. There was a red session followed by a continuation with prices moving lower. That's last session, but it—the Doji—ended up closing green.
Sellers started to put pressure on the market and pushed prices lower (red day), by the next session, all selling was bought (Doji) and now ADAUSDT is back above 0.382 Fib. extension (0.8194). This is a bullish setup based on candlestick reading.
From here on ADAUSDT can grow to produce a higher high as long as it trades above this Fib. level, the continuation of the bullish move that started 21-June. So we had a small retrace and the action is recovering, right before bullish momentum grows, which means that this is a good setup to go LONG. It seems some positive event will develop soon and this will create a major wave, a major advance here and Cardano will see the highest prices in more than four years.
It can take a few days, not much longer; everything is pointing higher.
Here it is also wise to avoid selling too early. When we consider Cardano's potential for growth beyond $7, easily, we have to avoid paying attention to the temptation to sell when prices are still too low, the rise is only starting. It is ok to sell at major resistance levels if you have experience because there is always a stop before additional growth. If one is very active, it is easy to sell some at resistance and then buy more at support. But the easiest way is to buy and hold. If the entire bullish wave is set to produce 500%, this is always more than good enough so it is easy to hold thinking of the long-term.
We continue within the accumulation phase. While many pairs are already advanced and while prices are definitely growing, this is not it yet; things are about to go wild and it is better to be fully invested before the event. Everything Crypto. Buy Crypto. Hold Crypto. We are going up.
Namaste.
Sellers started to put pressure on the market and pushed prices lower (red day), by the next session, all selling was bought (Doji) and now ADAUSDT is back above 0.382 Fib. extension (0.8194). This is a bullish setup based on candlestick reading.
From here on ADAUSDT can grow to produce a higher high as long as it trades above this Fib. level, the continuation of the bullish move that started 21-June. So we had a small retrace and the action is recovering, right before bullish momentum grows, which means that this is a good setup to go LONG. It seems some positive event will develop soon and this will create a major wave, a major advance here and Cardano will see the highest prices in more than four years.
It can take a few days, not much longer; everything is pointing higher.
Here it is also wise to avoid selling too early. When we consider Cardano's potential for growth beyond $7, easily, we have to avoid paying attention to the temptation to sell when prices are still too low, the rise is only starting. It is ok to sell at major resistance levels if you have experience because there is always a stop before additional growth. If one is very active, it is easy to sell some at resistance and then buy more at support. But the easiest way is to buy and hold. If the entire bullish wave is set to produce 500%, this is always more than good enough so it is easy to hold thinking of the long-term.
We continue within the accumulation phase. While many pairs are already advanced and while prices are definitely growing, this is not it yet; things are about to go wild and it is better to be fully invested before the event. Everything Crypto. Buy Crypto. Hold Crypto. We are going up.
Namaste.
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🚨 TOP FREE Trades
ETH +1450% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +1450% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.