BearManalow

Cardano and why its still a Bull Market

Long
BearManalow Aktualisiert   
KRAKEN:ADAUSD   Cardano
Seen some clowns posting about a daily death cross trying to lead everyone to the poor house with them.

Cardano is NOT in a Bear Market, it is called a markdown phase after an extended rally, in this case, a 10,000% rally, so please explain how that is bearish?

In terms of Elliot Wave, the 4th wave is usually longggg and slowww, if you zoom out to the weekly you can see a reverse symmetrical triangle forming within the 4th wave

RSI is in the Oversold zone and support has been held.

Q) How to play?

A) This is either Leg D or E, if it's the first, then we have a few trades left to make. If it's the latter, then I will be looking for a strong breakout with no backtest.

DYOR

Comments Welcome!

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pooltool.io/

Track the amount of Cardano Staked
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STILL HOLDING....
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Yearly support on the weekly, oversold, buy territory. Still holding...
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$5 - $9 ADA incoming...
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Load up your ADA bags.
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chart still valid, load em up...
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MAJOR BUY OPP COMING
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total 2 holds 50% retracement, it'll retry the 88.6% after printing three tertiary lows. ADA will follow suit.
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HERE COME THE BULLS!
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BULL RUN 2022
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the bears have won for sure. I am looking for the market to find a bottom in this range.
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ada targets now that the daily breakdown target was reached from the post back in February
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