joelittlenc

ADA reaches Parabolic zone

Long
BINANCE:ADAUSD   Cardano
ADA has pulled back to a zone marked for Parabolic continuation. The zone is just below the 50% of the former run to its current ATH.

Crypto has definitely rallied on weekends in the past. Could be looking at a potential continuation into Parabolic action.
Flash crash on Binance US has set the stage for potential Parabolic action as a bunch of liquidations and orders must have been filled at key retest areas.

Buys taken below $2 ADA.
Limit Buy placed at major PB zone @$1.50 ADA

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