ADA - another crypto you may want to buy [Technical Analysis - Ichimoku]


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Let's have a quick look at Cardano [ADA] chart:
ada.v_d.png
This popular crypto just gave strony buy signal, easily leaving ichimoku cloud. You may read more about signals here:
https://www.ichimokutrader.com/signals.html
According to signals, we have reverse in trend. And good time to catch it, as signal is confirmed. Looks like we may see $1 at ADA again. What do you think?


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As predicted, ADA is growing. And there is potential for much more. Resistance is at level 2x higher than current price:
ada.v_d.png
No reason to panic if we have small correction. Although growth is not to fast , so correction shouldn't be deep. Keep an eye on it. Getting close to Kumo may be a warning signal.


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Ada is also in interesting place to buy and join trend:
ADA_636616489837318879.jpeg
Each asset after several days of strong gains needs a break. Even ADA. And that's what we are getting through now. Each level till 0.23 is great place to join the trend. Later you join, greater return you may have. Also your risk will be lower. On the other hand, you may miss out opportunity.
Key levels for now:
$0.27 - fibbo suport
$0.24 - crucial fibbo support
If we break $0.24, last resistance will be Kumo. After losing Kumo.. you better sell fast!


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Also, can you update ADA analysis? Looks like we get through support lines. Would you still bet on long side of the market?


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We are still at $0.25 so nothing changed. Until we break $0.24 I'm still betting on long side of the market.