🔥Undervalued altcoin: when will ADA start to grow?

18 авг. 2022 г.

Hi friends! Ada is still consolidating at the bottom despite the fact that most of the other altcoins are already pumped. As i said in previous ideas, it`s undervalued altcoin and have a great potential in 2-4 weeks. Don`t miss the pump.

Cardano create a base pattern at the bottom. If you dont know what is it and how it use, check this educational idea.

Now i want to see the fall to the support $0.49-0.52 area and pullback after the liquidity collection.

📊 Preconditions to open a long:
🔥 return to the $0.49-0.52 value area and liquidity collection
🔥 volume growth which also confirms the big players pressence
🔥 huge limit orders on the DOM and Footprint indicators. It will help to identify the largest whales support levels and open a trade with short sl and besr rr at the bottom
🔥 squeeze to the local trendline
🔥bullish BTC sentiment which help ADA reach it`s targets

If such scenaio confirms, i ll let you know. So stay tuned and subscribe!

🚩The targets:
1️⃣ $0.62-0.65
2️⃣ $0.77-0.79

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.