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ADA/USD Main trend

The main trend (to understand where the price is and what is the general trend). Logarithm. Timeframe 1 month. Price in a secondary downtrend is approaching a mirror support level (marked in yellow, former resistance).

Against the dollar on the monthly timeframe, there is now a large bowl with a handle, which I have displayed on this chart.

Pump/dump news.
Cardano's developers have activated the Vasil hard fork on the testnet. The Vasil hard fork was successfully completed on the Cardano testnet.
Vasil will enable faster block generation and increase the scalability of decentralized applications (DApps) powered by Cardano.

Vasil is expected to launch on the mainnet in about a month.

In other words, if the market allows, then in about 1 month a local pumping (trend reversal) is planned, if the market is sluggish, then Vasil will be canceled for some far-fetched reasons or the event will not be widely advertised.
Remember when the US congressional elections.

The same parameters on the line graph.

Secondary trend. Downlink zone. Timeframe 3 days.

ADA/USD Secondary trend.

Local trading situation Timeframe 1 days.

ADA/USD Local trading situation

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トレード終了: 利益確定目標に到達

Range of enrollment over 1 year in the 0.237 - 0.4010 level zones endured.

4 03 2024

A good long term entry zone for this cryptocurrency. Medium-term urgency can be taken this move to the $1.14 level zone (mid-pump bowl, usually pullbacks or consolidation from it).

Horizontal channel of accumulation for more than 1 year. Breakout of its resistance. We are entering the "participation" phase of the Dow (in 2024 the previous highs are likely to be overcome). Participation is a price rise to the "distribution" phase zone (selling in 2025). As a rule, it is +500-800% for liquid trading instruments and more than +1000% for medium liquid ones. In 2025, the highs will be much higher than before, despite the super profits now.

トレード稼働中

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ADA comes out of the rectangle (rising pennant towards the middle zone of the pump bowl). Everything was according to the book, even #stopLoss was removed with a squeeze beautifully (no other way, no one is going to pull passengers in a growing trend).

As a rule, from the middle part of the bowl there is a significant rollback (margin, futures) or a significant stop and consolidation under resistance (sales are absorbed at a significant % of the profit) if the trend is clearly bullish.

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