Cardano vs Bitcoin Chart Analysis (ADABTC #7)

Cardano / BitcoinBinance

คำอธิบาย

⋅ 26 ตุลา 2021 เวลา 12 นาฬิกา 6 นาที

This is a tough spot here, I will say it before even getting started.

We have the support level marked on the chart.

This support level was hit back in July and this lead to a very strong bullish bounce, 100% of growth.

Then we got a correction and this one has been really strong.

The way the chart is looking, we are likely to see more blood (red) on this pair.

The indicators are bearish and the structure is bearish, the trend as well.

Long-term is bullish but we are looking at it short-term.

Conditions for change

When can this chart be considered bullish?

A strong bounce at support with really high volume can be a good signal to start.

The RSI and MACD both on the bullish side as well.

Moving and closing above EMA50 would be very important to see the bulls taking back control.

Other than that, even after a small bounce, prices are likely to continue to drop.

Namaste.

ความคิดเห็น

trade1991

⋅ 22 พฤศจิกา 2021 เวลา 8 นาฬิกา 13 นาที

Does your analysis need updating?

dragansimic171111

⋅ 29 ตุลา 2021 เวลา 12 นาฬิกา 56 นาที

Thanks.

Nemasu17

⋅ 27 ตุลา 2021 เวลา 5 นาฬิกา 32 นาที

stop analyzing cardano, its dumb coin to waste time upon. it will soon have to the hell moment of -50% or more. i see many people have bought cardano and they are stuck including those so called crypto experts on twitter lol. they keep saying cardano to the moon . since 5 month now -____-

EssJayJay

⋅ 27 ตุลา 2021 เวลา 8 นาฬิกา 50 นาที

@Nemasu17 This time last year ADA was $0.1 even if it crashed 50% right now it would still be up over 1000% in a year, your argument is flawed.

cagarino

⋅ 26 ตุลา 2021 เวลา 13 นาฬิกา 37 นาที

Thank you

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