Yuriy_Bishko

๐Ÿ’นADA: are dump days finished? The possible scenario.

BINANCE:ADAUSDT   Cardano / TetherUS
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.

๐Ÿ“ŠWhat 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:
๐Ÿ”ถ $0.51-0.52
๐Ÿ”ถ $0.55-0.57
๐Ÿ”ถ $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.

๐Ÿ’ปFriends, press the "like"๐Ÿ‘ button, write comments and share with your friends - it will be the best THANK YOU.

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

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