✴️ Cardano's Party Starts Now | New High In Sight!

2 באוג׳ 2023

The retrace is over... It is a retrace because the price drop only lasted a few days and remains within a higher low compared to the last major low 10-June.

I am talking about Cardano (ADAUSD) of course.

Yesterday closed as a bullish hammer, the same we had on the Bitcoin and Ethereum charts.

This hammer here is supported by a strong MACD, above zero and a bullish RSI, above 50.

The blue trendline on the chart shows the higher lows.

Notice that there aren't many indicators nor complicated explanations... None of that is needed to read a chart, no complexity is needed to predict the future in fact, simple is best.

If you can't explain it simple enough, it means you might not be as knowledgeable in the subject as you initially thought.

This is valid for everything.
If you can explain something in a calm and simple manner, it shows that you understand.

I am not saying this to criticize or point out others peoples mistakes, I use it on myself.

✔️ You can analyze yourself and see how you feel when doing an analysis, or when opening up a trade.

If the feeling is serene and the signals are good, everything is ok.

If the feeling is of excitement, hurry, making money and rush, stop for a minute because whatever you are doing might be wrong.

Prices move up and down, this we know for sure.

Cardano moved down from April until June, it can now easily go up.

We can setup a stop-loss or define/share an invalidation point, but my readers are experienced, most of them, you have experience... My job is to alert you before things move.

Your job is to use this information to take action, remove doubts, improve your results.

This is not financial advice.

Thanks a lot for your support.

Namaste.