ðēCardano Time For Increases.
ðēLooking at the behaviour of cryptocurrencies recently, it's not hard not to get the impression that the accumulation will soon come to an end.
ðēMany cryptocurrencies have failed to make new lows after the collapse of the FTX exchange.
ðēIt is clear that interest in the crypto market is gradually fading.
ðēFor us, this is the perfect time to accumulate projects that we think are worth looking at.
ðēLooking at the behaviour of the Cardano price in recent weeks, it is not hard not to get the impression that investors are accumulating it before some breakout.
ðēAs you can see, the support zone determined by the 0.618 level of the entire upward wave from the bottom to the end of the first upward wave has defended the price perfectly over the last weeks.
ðēThe MACD histogram indicates the continuation of the uptrend and the RSI which tentatively breaks out above the 50 line. The indicators also present a pro uptrend scenario.
ðēIf we would start the breakout upwards and pierce the 0.33 level, the road to 0.35 stands open before us. The level 0.382 of the entire downward wave from the peak on 29.10.2022 to the bottom on 21.11.2022 is located there.
ðēThere I expect some kind of price reaction.
ðēThe scenario I'm playing out is a continuation of the uptrend ora a breakout of the price from the accumulation with the target level near the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðē*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
ðēLooking at the behaviour of cryptocurrencies recently, it's not hard not to get the impression that the accumulation will soon come to an end.
ðēMany cryptocurrencies have failed to make new lows after the collapse of the FTX exchange.
ðēIt is clear that interest in the crypto market is gradually fading.
ðēFor us, this is the perfect time to accumulate projects that we think are worth looking at.
ðēLooking at the behaviour of the Cardano price in recent weeks, it is not hard not to get the impression that investors are accumulating it before some breakout.
ðēAs you can see, the support zone determined by the 0.618 level of the entire upward wave from the bottom to the end of the first upward wave has defended the price perfectly over the last weeks.
ðēThe MACD histogram indicates the continuation of the uptrend and the RSI which tentatively breaks out above the 50 line. The indicators also present a pro uptrend scenario.
ðēIf we would start the breakout upwards and pierce the 0.33 level, the road to 0.35 stands open before us. The level 0.382 of the entire downward wave from the peak on 29.10.2022 to the bottom on 21.11.2022 is located there.
ðēThere I expect some kind of price reaction.
ðēThe scenario I'm playing out is a continuation of the uptrend ora a breakout of the price from the accumulation with the target level near the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðē*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
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ðē To keep up to date with all my activities I invite you to visit my Telegram ðē
ðē t.me/Investmatez ðē
ððððððððððððððððððððððððððð
ðē To keep up to date with all my activities I invite you to visit my Telegram ðē
ðē t.me/Investmatez ðē
ððððððððððððððððððððððððððð
āļāļģāļāļģāļāļąāļāļŠāļīāļāļāļīāđāļāļ§āļēāļĄāļĢāļąāļāļāļīāļāļāļāļ
āļāđāļāļĄāļđāļĨāđāļĨāļ°āļāļāļāļ§āļēāļĄāđāļĄāđāđāļāđāļĄāļĩāļ§āļąāļāļāļļāļāļĢāļ°āļŠāļāļāđāđāļāļ·āđāļāļāđāļāđāļŦāđāđāļāļīāļāļāļīāļāļāļĢāļĢāļĄāļāļēāļāļāļēāļĢāđāļāļīāļ, āļāļēāļĢāļĨāļāļāļļāļ, āļāļēāļĢāļāļ·āđāļāļāļēāļĒ, āļāđāļāđāļŠāļāļāđāļāļ° āļŦāļĢāļ·āļāļāļģāđāļāļ°āļāļģāļāļĢāļ°āđāļ āļāļāļ·āđāļ āđ āļāļĩāđāđāļŦāđāļŦāļĢāļ·āļāļĢāļąāļāļĢāļāļāđāļāļĒ TradingView āļāđāļēāļāđāļāļīāđāļĄāđāļāļīāļĄāđāļ āļāđāļāļāļģāļŦāļāļāļāļēāļĢāđāļāđāļāļēāļ