💹ADA: are dump days finished? The possible scenario.

20 giu 2022

Hi, friends! Cardano(ADA) are so far from it`s ATH as BTC and many other altcoins. At the volume indicators we see how some buyers continue the accumulation of ADA. It`s the first sign of bullish strength.

📊What scenario we should expect for ADA:
1. squeeze under the trendline
2. false breakout of the previous lows $0.42
3. volume growth as confirmation of buyers

The targets in many ways depends on BTC growth. If BTC starts to pump ADA can reach all the value areas:
🔶 $0.51-0.52
🔶 $0.55-0.57
🔶 $0.62-0.64

Additionally, i expect the second scenario without the liquidity collection. So pay your attention to the trendline breakout. Before it the volume indicator also show tha the buyer start accumulate the longs.

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.