Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The lower timeframe market structure has flipped bearish. A critical support level could see a bullish reversal. Cardano [ADA] was in a downtrend from 16 February to 11 March, but over the past ten … Read more
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. On 14 March 2023, OpenAI announced the release of their newest, smartest bot so far. ChatGPT 4.0 is better than version 3.5 in a multitude of ways. However, even the 3.5 bot can be used … Read more
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion ADA’s four-hour chart was bullish. The bulls had minimal leverage as per long vs. short positions. Cardano [ADA] rebounded strongly after hitting its recent low of $0.3020 on 12 March. It saw aggressive buying … Read more
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The daily and 4-hour structures were bearish, giving ADA short sellers the green signal Fibonacci extension levels presented downside price targets Cardano [ADA] may be poised to see further losses on the price charts. … Read more
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure on the daily chart remained bullish. The shift in momentum indicators showed weakness from buyers. Cardano [ADA] showed some bullish strength on the charts in mid-February. The retest of the $0.345 … Read more
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The market structure was bearish. The descent into a strong bullish order block laid a clear invalidation level for would-be buyers. Last Sunday (19 February), Cardano was trading at $0.411. In the past week, … Read more
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ADA cleared half of the gains made on the mid-February rally. Weekly price volatility and open interest flashed weak signs of a pivot. Over the past few days, bears have remained in control of … Read more
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The H4 market structure flipped to favor sellers. A bullish order block to the south could see a reversal. Cardano [ADA] was unable to hold on to the gains it made in the latter … Read more
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The bias remained bullish for Cardano on the lower timeframes. Futures markets showed sidelined participants and some selling pressure. On Sunday, Bitcoin saw a pump to $25.1k and an immediate rejection back to the … Read more
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ADA faced a price rejection at $0.4214. Demand for ADA in the derivatives market fell sharply, but sentiment remained positive. Cardano [ADA] posted a 10% hike on 15 February after Bitcoin [BTC] reclaimed the … Read more
