Cardano (ADA) time to rebound!

in cardano •  7 years ago  (edited)

The chart above is a 12h Cardano chart.

Few reasons why a rebound is about to happen soon:

  • Price 0.00003122 acted as strong resistance back in December, now it should act as support.
  • Price completed a 5-wave move down, so it's time for at least 3-wave move up
  • Fib time zone seem to be respected (see vertical lines always around major price movements) and it indicates a new major move to happen soon
  • RSI in undervalued zone

We are only missing some volume :)

To see the charts in more details, you can visit this idea on my TradingView: https://www.tradingview.com/chart/ADABTC/c49y8wlx-ADA-finally-finished-correcting/

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this coin has huge team an they have so many update for it but they need time to make nice future for ada