ADA Cardano - The Whales Whisperer

Cardano (ADA) Whales on Radical Move as Network Activity Heats Up: Details

The chart:

ADABTC on valid support and structure looking to be gaining momentum.

Slightly Descending channel on support (the dark blue channel on the chart), backed by reliable support (green trend line) and we want to be early on this trade.

Targets:
- The mid of channel is more than 83% likely to be met and it does confluence with the 0.382 level at roughly 52% higher (ADABTC value).

- The upper level of the channel just over 0.618 offers a 101-124% rise on ADABTC and i see this over 53% likely to be happening this summer.

- Finally the most optimistic target is still 42% likely and it lies on the white trend-line..follow the 'bubbles' they are ascending in a perfectly linear manner as Support and Resistance. If this line is met we would be selling.

Let me know if you like this chart and thumbs up to OKX for an amazing idea to host the OKXIDEAS Contest.

Commentaire:

Nicely on support for a new entry at this moment

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#OKIDEAS Update:

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CPI: Inflation report about to give us a rebound?

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Major support: