ADA Price Analysis. The Biggest Buying Opportunity?

[00:00:00]Cardano targets updates with my custom indicator set. What's going on now and we're more than okay to start buying the >> [music] >> ADA. So, after this when we stopped at 13 cents with the one week we formed a pretty good recover, but after that in the second three weeks we erased all pump and you remember that post of Hoskinson like I'm out I'm not out of Cardano project and all of this stuff. So, it's just pure speculation. I don't want to talk about a global plans for Cardano all targets personally irrelevant still in play. What I'm waiting personally it's a test of 11 cents 17. So, this is personally by my personal opinion once again. My take is can be the main support level not randomly just because we track this weeks and some 21 and all levels are relevant personally for me guys. I can be absolutely wrong. I share here my idea my vision on my channel because some guy wrote me like I don't understand what you're talking about what these levels mean you made a wrong analysis.

[00:01:12]How would it be possible so your analysis is right my analysis is wrong there is no right or wrong only the time will show us right. So, this is my take this is 11 17 the last support zone for Cardano.

[00:01:27]On the weekly time frame the phenomenal wild line which will come back and test guys you can be sure it's just a matter of time at this current moment is 2892.

[00:01:37]That's why if you believe in ADA, but if you believe with some reason right some logical reason why not because of some promises of Hoskinson or some Cardano Foundation right just personally for you why you want to buy this coin. I don't like the Cardano and never like it because for me it's like a cold coin the same like XRP.

[00:02:01]Uh but even the that cold coins will pump. For sure you can be sure that Ada will recover back and pump to the main target but I don't want to take the risk with this one.

[00:02:12]So can we drop for example to the low of September 2020? Yes, of course.

[00:02:19]You remember by the way this one uh abnormal week. I don't remember exactly what what happened uh Ada mm not here.

[00:02:33]Oh, this one. This we weekend week. What was the week? I have no idea how it impossible. So we up or down from $1.9 to test the take profit line uh above and the rebound it. So it's kind of absolutely weird. I don't remember exactly what's happened at that time.

[00:02:52]Uh but by the way we we need to analyze this chart uh with a bigger picture. But on a Binance it's also this good. Uh So here, we now trade on the fundamental wallet line. Last time when we trade on the fundamental wallet line it was a good time to buy Ada. The levels here also still the same. So it's 11 uh 14 11 17.

[00:03:14]It's a zone of accumulation. So I mark this zone even in 2022. So that time we retested several times and go uh 223 level by fib traded again inside the same uh levels. So let's take a look now guys with indicator set bands.

[00:03:32]We already passed the support. So let's hide the take profit. Already passed the support. So if uh this was at the bottom, right? Next step for Cardano will be the fair price.

[00:03:44]It's 56 cents 59.

[00:03:46]So yes, it's a positive news for all holders. If not, guys unfortunately yes 11 uh 14 this is the next zone of interest from now it's a 30%. I hope not. I hope we will not drop that low.

[00:04:00]Daily time frame, let's go back here.

[00:04:03]Daily time frame we one two times we retested the outer support line bounced it now we sit at inner support.

[00:04:17]The price on the daily it's 20 cents.

[00:04:21]Inner resistance is 2341.

[00:04:24]And so I think with the weak candle we can test even to 32 cents.

[00:04:29]Only the question when when.

[00:04:31]What I don't like on the 12 time frame guys I hope we going to hold the line now and move just in the sideways because if the August will be red one I have a bad news for you.

[00:04:44]If we will not see something like this one the not break the structure and not go to 32 cents guys I have a bad news we can drop firstly here.

[00:04:54]After that even drop like this one.

[00:04:56]So this is it. So add the alert by the way to the inner support line 1439.

[00:05:02]At this point guys by the way it's a good to try open the long position.

[00:05:07]Here the risk ratio is pretty good so with the second leverage it's 10% stop loss and we can hold till even 56.

[00:05:16]Right.

[00:05:18]Because with the second leverage it's less risk right and we can hold long time. So it could be like 10 10% against 600 trade. Of course if you'd like to hold it for long run and not check the chart all the time.

[00:05:36]All right so mark the levels if you believe so Cardano will drop much much lower just wait 11 not touch the token not buy randomly build a plan. Or at some frame looks like we not test the support. So, it's like 1562. It's the first support support level. What is good? And the lines the crypted flight bands start curve a little bit up.

[00:06:04]This is a kind of like positive monthly.

[00:06:08]Monthly we can find so the fair price of the Cardano now it's 5670.

[00:06:15]It's a fair price and the inner resistance line is $1.43. So, that lines will test for sure. What is good? We trade under the formula wallet on the monthly. Take profit line on the monthly 7181.

[00:06:28]So, I think that lines we can test even this year.

[00:06:33]Yes. So, take profit line on the weekly 7694.

[00:06:37]So guys, once again, if you believe in Cardano, now it's a good time accumulate out of for long run with the targets this one and the 0.5. I believe Cardano will hit the $1.92 and even 4.55. Write plus in comment what do you think about out now.

[00:06:55]If you'd like to test my full indicator set what I showed in this video and all uh in all other videos, just write me DM.

[00:07:02]What I don't like we don't see the main money inflow on the weekly. This is kind of bad signal guys. Still no main liquidity into Cardano.

[00:07:14]See you next time.