Cardano / Bitcoin
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ADA Cardano - I am super bullish

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My argumentation:
  • Cardano has been sold off three times for more than 80% - Elliot Wave Theory --> ABC correction coming
  • Selling pressure seems to be gone since moving in that range, it doesn't seem as if anyone wants to sell it below these prices --> market makers will have to move in the other direction to benefit from the situation
  • The 200 ema in the Daily setup has been crossed and confirmed with two positive candles, (third today)
  • RSI came out of negative slope and was confirmed in the weekly.
  • Ichimoku nice close and room to minimum of cloud (not shown in chart)


Personally I went big time into this setup. Not financial advise!

Happy trading!

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