Cardano (
ADAUSD) perfectly repeats the previous cycle:
Click chart above to see the detailed analysis👆🏻
Cardano perfectly retested a major horizontal support in the beginning of 2023. Recently we then saw the break above the neckline of the double bottom formation and a rally of about +400%. Cardano is clearly repeating the cycle of 2021 and a potential rally of another +700%.
Levels to watch: $0.7, $6.0
Keep your long term vision,
Philip (BasicTrading)
ADAUSD) perfectly repeats the previous cycle:Click chart above to see the detailed analysis👆🏻
Cardano perfectly retested a major horizontal support in the beginning of 2023. Recently we then saw the break above the neckline of the double bottom formation and a rally of about +400%. Cardano is clearly repeating the cycle of 2021 and a potential rally of another +700%.
Levels to watch: $0.7, $6.0
Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Cardano (ADAUSD):Click chart above to see the detailed analysis👆🏻
Creating a rejection wick of about 60% is a clear sign that bulls are still 100% in control of the crypto market, especially also Cardano. Just look at what happened in the beginning of 2021 after we saw the rejection wick - this ended with another rally of about +700%
Levels to watch: $0.7, $6.0
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Cardano (ADAUSD):Click chart above to see the detailed analysis👆🏻
The repetition on Cardano just seems to be way too obvious but if we look at recent price action, we are seeing the exact same behaviour which we also saw back in 2021. After a successful break and retest, Cardano might even create new all time highs.
Levels to watch: $0.7, $6.0
Keep your long term vision,
Philip (BasicTrading)
Philip - Swing Trader
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
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.
Philip - Swing Trader
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
Free: "Elite Trading" community👇🏻
discord.gg/jgdrYXwqyD
#LONGTERMVISION
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.