I buy Cardano spot contract as I use this Fibonacci analyze with confluence that in this level $2.40 USD it's show us a good support.
Cardano formed a bearish rising wedge in the higher zone between $2.90-$3.10 USD, And today, Cardano drop over 22%, that was incredible voaltile movement what Cardano do.
Now, I look that I mark Fibonacci retrocement from $1.24 USD to $3.10 USD and show us that make support in the 0.382% of Fibonacci meanwhile I mark another fibonacci retracement in H8 timeframe from $1.86 USD to $3.10 USD and we look that make support in the 0.618% of Fibonacci.
Now, I buy Cardano in the dip to hold this position toward $4 dollar. Now, I see that this it's a confluence what Fibonacci make. I put in long position in ADA buying in the DIP.
Cardano formed a bearish rising wedge in the higher zone between $2.90-$3.10 USD, And today, Cardano drop over 22%, that was incredible voaltile movement what Cardano do.
Now, I look that I mark Fibonacci retrocement from $1.24 USD to $3.10 USD and show us that make support in the 0.382% of Fibonacci meanwhile I mark another fibonacci retracement in H8 timeframe from $1.86 USD to $3.10 USD and we look that make support in the 0.618% of Fibonacci.
Now, I buy Cardano in the dip to hold this position toward $4 dollar. Now, I see that this it's a confluence what Fibonacci make. I put in long position in ADA buying in the DIP.
