entertheroach

ADA still longterm bullish

KRAKEN:ADAUSD   Cardano
At the moment, I'm not convinced that ADA will drop below its Ichimoku Cloud and into the Bearish Zone. For the short-term buyer or hodl-er this drop must look scary, but if we look at the daily chart, then this drop does not look scary at all. Just look at how far ADA has come since March 2020. ADA has found strong support at its Ichimoku Cloud Conversion Line. ADA is still in a longterm uptrend. Ideally we want ADA to also break back above its Main Pivot Point Fibonacci level which i believe we will eventually do. I am still longterm bullish especially with Goguen and Coinbase on the horizon. Things to remember, don't panic, don't rush in or out, look at the longterm, look for confirmation, look for good entry points to accumulate your crypto of choice & The Trend is Your Friend. I hope this is helpful, good luck 👍🔥🚀🌔
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