- Looking at the 12H chart of
ADA here, I like the 12H chart just because it's a 1D timeframe but split into two candles instead of one, giving me more data to work with - I signaled entry in my telegram group at 580 sats (bottom of accumulation zone)
- From the breakout of the accumulation, which took all year since the 'corona' we've seen new yearly highs
- The longer the time spent in accumulation, the more explosive the move upwards just like a slingshot
- Very little resistance after that 580-600 sat range which was accumulation turned support
- Took profits at 684, 787, and 874 but re-entered at 868 sats
- Price looks like it's holding that 787 level very well after getting 1st touch rejected and I think it will continue moving upwards
- Currently still accumulating along this 874 sat level before we could see another explosive move upwards
- Correct me if i'm wrong, but Cardano staking goes live tomorrow 6/9
- 1st TP 1015 sats
- 2nd TP 1149 sats
- 3rd TP 1318 sats
- Will continue to update as this move progresses, I have a bag of Cardano
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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.