CARDANO - Potential Bullish Reversal!
Hello everyone, if you like the idea, do not forget to support with a like and follow. ADA is sitting around strong support and round number 1.50 in blue so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H1: ADA is forming a channel in orange but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ADA would be overall bearish and can still trade lower and even break the blue support downward. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
0xsignals
CARDANO - Potential Bullish Reversal!
Hello everyone, if you like the idea, do not forget to support with a like and follow.
ADA is sitting around strong support and round number 1.50 in blue so we will be looking for buy setups.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
on H1: ADA is forming a channel in orange but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, ADA would be overall bearish and can still trade lower and even break the blue support downward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
