$BTC 🧭 What is more likely to happen now? Given the above, these would be my estimated probabilities for the upcoming periods (hours to days) under the assumption that no major news changes everything: Most likely scenario: moderate bearish • Since the technical signal indicates weakness, it is more likely that the price will drop further before it rebounds significantly. • It could test the nearby support (in USD frame) ~105,000 USD or ~104,000 as the next more reasonable "floor" before a significant rebound. • If that support fails, it could drop further towards lower levels that are not yet well defined. Alternative scenario: technical rebound • As the RSI is in the "low" zone and the KDJ very low, a relief rebound (a correction of the drop) could occur in the short term. • But for that rebound to be strong or lasting, it would need signs of strength: buying volume, breaking a local resistance, and a change in the downward slope. My conclusion: Most likely: additional drop before a strong rebound. Less likely (but possible): immediate and strong rebound without a new drop. (This is my own analysis, it is not any type of signal, remember to do your own research, good luck)
Based on my research, these would be the two most likely routes for Ada: 1. Optimistic scenario: If ADA manages to consolidate above the recent low (~0.49) and breaks the immediate resistance (0.55-0.56), then it could rise towards ~0.60-0.65 or more. In that scenario, the bulls would take control, the momentum indicators would strengthen, and a new short/medium-term bullish trend would begin. 2. Most likely scenario according to my current reading: That the price remains in a sideways range or even drops again if the resistance is not broken. It could drop again towards ~0.49 or a little higher (~0.50-0.52) if the bears regain dominance. As long as the long-term moving averages remain above and there is no strong catalyst, the rise could stagnate.
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🔍 My conclusion
At this moment, I wouldn't say that ADA is in a full bullish run, but it is showing signs that it could be at the beginning of a rebound. If I were “betting,” I would say it’s a good time to keep a close watch: if it confirms the breakout upwards, it could rise; if it doesn’t, it could make another pullback downwards. (Remember to conduct your own research, my only goal with this writing is to educate and share my analysis; remember to do your own analysis before investing)
$ADA failure in trying to overcome the resistance at 0.74 but will try again, if something is certain it is that it will arrive tonight at 0.73, so if you want a small profit now is the time to buy and tomorrow you will see results
$ADA it is true that the fall the other day hit us hard, but again the market is recovering and there is a strong bullish sentiment, do not waste the opportunity to recover the loss from the other day and buy Cardano, in just a few hours you will see the result 🚀
In the coming days, BTC will reach 124k and this will drag Cardano back to 0.90, so you can ignore those people trying to create confusion in the market, investigate, analyze, and then let me know what you think.
拒絕當幣圈低能兒
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$ADA can start shorting now. Bitcoin and Ethereum surged too quickly in the past few days and need to correct. ADA, this garbage, hasn't risen much and should also drop due to Ethereum and their need for a pullback, potentially even lower. This is why shorting this garbage is relatively easier.
$ADA Those who know me know, and today I recommend entering the market, buy ada… I’m not going to give reasons, I just tell my followers who are the ones that know I rarely make mistakes 🤙🏽
$ADA people, there will be no setbacks, nor any falls, the only thing that will happen is a takeoff, hold Cardano today and tomorrow you will be rewarded
$ADA jajajajaj people talking about correction now, they don't realize that the only thing left is a significant rise, hold Cardano today and tomorrow you will see the result ☝️🤓