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 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 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. Cardano released the weekly development update on 10 February. It highlighted some notable statistics but did not shore up buyer confidence in the short term. Instead, the price retested $0.37 as resistance before another … 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 higher timeframe market structure remained strongly bullish. The $0.4-$0.42 is an important region of resistance- but ADA is likely to push higher. Cardano [ADA] bounced from $0.38 to reach the $0.4 level 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. Cardano had a bullish structure on the daily timeframe. It ran into resistance near $0.385 and the bulls were unable to defend the $0.36 level. Cardano [ADA] saw a break in structure and its momentum … Read more
