ADA looks like it's forming a symmetrical triangle in a longer tf descending triangle. If it's able to breakout, I have some targets here out of the wedge and towards a gap fill up to 0.8.
I'll trade this on spot/1x just because of the macro landscape knowing it'll eventually recover, or else a break down you can SL on.
Cardano to remains one of the best potential candidates for a "winner" of the L1 race despite the slow speed of progress and skepticism.
Most of the supply is locked up so any spike in demand for the asset can provide a good supply shock that will move the price. Almost all ada is staked.
Now that ETH is PoS, even though the hard fork presents risk, I do suspect ADA will eventually draw attention. It's a question of when.
BTC is drawing similar so I think it'll all move together. ADA has a good change of breaking out vs BTC in my opinion so I'd drop a little in both spots near term for a bullish movement. Hard to say what'll happen as I am bearish on most markets today.
DYOR not financial advice. Stay safe!
I'll trade this on spot/1x just because of the macro landscape knowing it'll eventually recover, or else a break down you can SL on.
Cardano to remains one of the best potential candidates for a "winner" of the L1 race despite the slow speed of progress and skepticism.
Most of the supply is locked up so any spike in demand for the asset can provide a good supply shock that will move the price. Almost all ada is staked.
Now that ETH is PoS, even though the hard fork presents risk, I do suspect ADA will eventually draw attention. It's a question of when.
BTC is drawing similar so I think it'll all move together. ADA has a good change of breaking out vs BTC in my opinion so I'd drop a little in both spots near term for a bullish movement. Hard to say what'll happen as I am bearish on most markets today.
DYOR not financial advice. Stay safe!
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。