For Cardano (ADAUSD), we are going to use the weekly timeframe to avoid all the noise.
Here:
We have many bearish signals within a bearish trend.
There is a scenario where the big ones fall while the smaller ones grow (altcoins)... We will see.
Now, looking at the main chart, notice the volume.
We see low/declining volume, this happens before a strong move.
After a new high, it is normal to have a correction so we can expect prices to drop... That's what we see by looking at the chart.
Conditions for change
It can change. If you see a big green candle, high volume, that pushes prices above $1.426 or EMA50, then you can say that the bulls are back in the game.
If things continue as they are now, expect to visit soon the next support; that's lower.
Namaste.
Here:
We have many bearish signals within a bearish trend.
There is a scenario where the big ones fall while the smaller ones grow (altcoins)... We will see.
Now, looking at the main chart, notice the volume.
We see low/declining volume, this happens before a strong move.
After a new high, it is normal to have a correction so we can expect prices to drop... That's what we see by looking at the chart.
Conditions for change
It can change. If you see a big green candle, high volume, that pushes prices above $1.426 or EMA50, then you can say that the bulls are back in the game.
If things continue as they are now, expect to visit soon the next support; that's lower.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
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🚨 FREE Quality Content + New Results
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🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。