ADA ,Cardano Crypto
Updated: Aug 29
***BECAUSE CARDANO IS IN BEAR MARKET YET , SOME BUY SIGNALS ARE CONVERTED TO SELL POINTS ANY TIME...
The uptrend broke out from triangle had duration only 5 struggling days and then we had new suddenly downtrend broke out without any major news.
I believe the 26% from highs decline was due to stop losses ,margin call and panic selling, also the ADA fall below 21 & 50 DMA rapidly without any fight for support..
The ADA found support ant green line and now we have the first reaction for higher price..
Unless the ADA coin make new lows the new highs is going to be at $0,62 price levels.
Perhaps, the bigger investors wanted to burned the margin accounts and emotionally traders and trimming stop losses..
It is a method that using from bigger portfolios before a new soaring..
Lets see what happens next!
->To trade with leverage cryptos is very risky due to the big volatility
The break out from triangle and demand - resistance zone just made as I expected and there is huge available room to run now.
The trend is positive and uptrend now.
Before you invest make your own research