🎯 Is $0.55 the next target for ADA?

13. Sept. 2022

Hi friends! The whales continue to buy ADA. The fact that the volume only growth when the price reach the local bottom is only confirm it. Now the whales have at least 5 buying points and accumulate enough ADA i think.

The growth will start when there will be enough buyers for whales Cardano coins. I think the huge pump might happen if the upcoming inflation rate will be lower than in previous month.

Also the biggest altcoin ETH change the PoW to PoS. If the merge will be competed without big troubles for the biggest altcoin so the another altcoin will start grow following the ETH.

🚩If you want to understand in which side will altcoins go, just check the ETH chart. Also u can use DOM and Footprint scalping tools to identify the whales BUY or SELL orders wall where the price reverse in the most cases. There u can open your trade with the short sl and highest rr.

📊 The preconditions to open long:
🔥 test the trendline as support which happend few bars ago (for the 5th time)
🔥 DOM and Footprint buy orders (check it if u have access to this FREE trading tools)
🔥 bullish BTC will pull the altcoin to it`s targets

🚩 Pay your attention to the key level of $0.52 which can be reversal point for the price. Here you can take the nice short but only if you find confirmations on the lower timegfremes: false breakout, volume growth etc.

📊 The closest targets:
🔥 $0.524 - key level
🔥 $0.55-0.56 - value area

💻Press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.