Hello EveryOne !
As you can see , ADA (Cardano) is in downtrend , once a downtrend established it is more likly to continue than it is to reverse , because its takes less energy to continue than it does reverse one.
So I think point 2 (Current stage) has not enough energy to reverse the trend and it's a just correction like point 1 (due to volume ).
Why this correction occurs ?
In a primary downtrend short sellers succumb to the temptation to lock in their gains as the price sinks lower
note: Maybe price correction goes above the points I've mentioned , but reaching the target is more possible than new powerful uptrend .
As you can see , ADA (Cardano) is in downtrend , once a downtrend established it is more likly to continue than it is to reverse , because its takes less energy to continue than it does reverse one.
So I think point 2 (Current stage) has not enough energy to reverse the trend and it's a just correction like point 1 (due to volume ).
Why this correction occurs ?
In a primary downtrend short sellers succumb to the temptation to lock in their gains as the price sinks lower
note: Maybe price correction goes above the points I've mentioned , but reaching the target is more possible than new powerful uptrend .
הערה
Now : Price Trap !time to short
עסקה פעילה
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.