- Looking at the 12H chart of
ADA here, I like the 12H chart just because it's a 1D timeframe but split into two candles instead of one, giving me more data to work with - I signaled entry in my telegram group at 580 sats (bottom of accumulation zone)
- From the breakout of the accumulation, which took all year since the 'corona' we've seen new yearly highs
- The longer the time spent in accumulation, the more explosive the move upwards just like a slingshot
- Very little resistance after that 580-600 sat range which was accumulation turned support
- Took profits at 684, 787, and 874 but re-entered at 868 sats
- Price looks like it's holding that 787 level very well after getting 1st touch rejected and I think it will continue moving upwards
- Currently still accumulating along this 874 sat level before we could see another explosive move upwards
- Correct me if i'm wrong, but Cardano staking goes live tomorrow 6/9
- 1st TP 1015 sats
- 2nd TP 1149 sats
- 3rd TP 1318 sats
- Will continue to update as this move progresses, I have a bag of Cardano
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