CardanoLong
ADA/USD - Can Coinbase Pro take ADA to a new ATH?
Today, Coinbase Pro announced that ADA will be tradable on their exchange on 18th March and immediately ADA did a 20% pump... not bad. However, DO NOT CHASE price action and don't FOMO here.
For all intended purposes, as we stand now this chart shows a lower high after we were rejected at our current ATH.
Volume on this pump looks great and indicators are turning bullish on daily, however entering here is not far from gambling. It's likely we will get continuation, but we need to break our current ATH level to have confidence in this move up. ADA already performed very well reaching $1.4 so we need to consolidate here first. We can't just go parabolic non-stop.
I'd give this chart some more time to develop before jumping in.
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For all intended purposes, as we stand now this chart shows a lower high after we were rejected at our current ATH.
Volume on this pump looks great and indicators are turning bullish on daily, however entering here is not far from gambling. It's likely we will get continuation, but we need to break our current ATH level to have confidence in this move up. ADA already performed very well reaching $1.4 so we need to consolidate here first. We can't just go parabolic non-stop.
I'd give this chart some more time to develop before jumping in.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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