PollysCracker
Long

Cardano the bright, start of something nice.

BITTREX:ADAUSDT   Cardano / Tether
Fundamentally:
This coin is experimentally you could say but potentially huge if succesfull, it has a solid team behind it, in fact, bright minds of University of Edinburgh, the University of Athens and the University of Connecticut all putting their heads toghetter to find the solution to the problems bitcoin             and cryptocurrencies been having to date.

Technical:
The pattern fits like a charm when that bounce on the right shoulder hits. We could consolidate a bit around these levels and eventually start the first move of the next set . Excellent long term hold!
Kommentar: What a wonderfull play for ADA this will promise to be, since initial post now up +-25%, we are nearing some key resistance zone, if you actively wanna trade this move around 0.95$ is the resistance, that might initiate a retest to the neckline of our inverse HnS wich is at 0.80-0.82.
Kommentar: ADA succesfully tested/testing our support, I see some consolidation now heading forward testing the 2 yellow channels i drew here in order to make this our new base.
I kinda wish i traded the 0.95 resistance but as i have high expectations for this coin, i didnt want to take a chance, after all this is crypto and nothing is a certainty lol.


Kommentar: it's been a while since i updated this idea, but I was waiting for some confirmation of the bottom since that sell off and i believe i see just that.
I apologize for for the "crowded chart" but i want to visualize the major channels to show you how i get to my targets.

We are currently in a good entry point, with your risk right below the green ascending trendline, small risk play.
My first sell target would be at 0.95$ from there i see a retest to at least 0.90$ to as low as 0.78$.


This is what i'm looking at:
Kommentar: So even while my ada chart told me we where turning bullish, the entire market descided to take a tank, wich i believe to be coming from all the targetted tether and bitfinex fud.

Anyway, it looks to me that we now reached the level where if the market descides to recover and not drop even deeper like many ppl seem to be hinting at (btc sub 7K to +-5K, it could but i'm in serious doubt) it would bounce on this level for a retest(best case bullish scenario).

If it doesnt break through these levels AND it bounces back but higher then the previous higher low we still follow this course and chances for an even stronger bear become alot smaller, if it does break the red ascending trendline, chances on btc sub 7K become alot greater.

Exciting times really, I just hope you hodled/bought extra and not give into this FUD and panic sold, know what you have and trust in the power of that.

Kommentar: Perfect trade opportunity right now!
Tight stoploss at 3%, adhere to it!

What a wonderfull play for ADA this will promise to be, since initial post now up +-25%, we are nearing some key resistance zone, if you actively wanna trade this move around 0.95$ is the resistance, that might initiate a retest to the neckline of our inverse HnS wich is at 0.80-0.82.
Antworten
I want anyone to know that if this chart does not follow this recommendation, its not due to the poster but rather news of South Korea threatening a ban. And just like China, the markets dropped but continued onward. I believe if there were a panic, Bianace and Bittrex would not have paused registrations due to overwhelming registrations. Crypto will continue strong. Cardano seems to be one of the best, safest coins to invest in. As the author stated, it has a great team behind it with excellent developments coming. Investors in South Korea will just find other ways to invest, just like they did in China. You can't really stop it, even with bans.
Antworten
PollysCracker BankofEngland
@BankofEngland, Amen to that my good sir, I will update this chart once the panic selling has been exhausted, right now we are looking at a strong bounce but the bear is not avoided just yet
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