The base is the accumulation area which can be the bottom part of the Cup and Handle pattern (long pattern).
โ Why base is important for the long traders? Because there is a lot of whales have enough liquidity to accumulate their position. The big volume bars at the bottom are also confirmed that whales buy ADA at the "dip"!
๐ฉAfter the breakout of the accumulation area we can see the huge impulse of the price so it`s umportant for traders to find the best entry point before this breakout and get more profit.
๐ Preconditions to open a long:
๐ฅ the breakout of the bullish wedge or test the support area of $0.46-0.51.
๐ฅ bullish BTC help reach the targets for ADA much faster
๐ฉCardano has the more chance to make the impulse because the most of alts already make +50-100% and ADA is still at the bottom.
๐ The targets are the value area:
1๏ธโฃ $0.61-0.64
2๏ธโฃ $0.77-0.8
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
โ Why base is important for the long traders? Because there is a lot of whales have enough liquidity to accumulate their position. The big volume bars at the bottom are also confirmed that whales buy ADA at the "dip"!
๐ฉAfter the breakout of the accumulation area we can see the huge impulse of the price so it`s umportant for traders to find the best entry point before this breakout and get more profit.
๐ Preconditions to open a long:
๐ฅ the breakout of the bullish wedge or test the support area of $0.46-0.51.
๐ฅ bullish BTC help reach the targets for ADA much faster
๐ฉCardano has the more chance to make the impulse because the most of alts already make +50-100% and ADA is still at the bottom.
๐ The targets are the value area:
1๏ธโฃ $0.61-0.64
2๏ธโฃ $0.77-0.8
๐ปFriends, press the "like"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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