As soon as Elon's agreement with Cardano is made public, you'll see how much technical analysis matters to the price.

Hello trading guys, this time I bring you an analysis of $ADA I share this analysis as an example of what we almost always go through when we analyze the markets, there are times when we have two opinions of what could happen. A few weeks ago, analyzing Cardano, I had detected that a head and shoulders was being created on the chart, even the RSI had left divergence and when it broke the figure downwards, it was confirmed that Cardano would start to fall until it reached 0.63 and during the days it was going down as you can see in the first capture. But looking at the chart as of today we can see that the price is going up and there is the dilemma and we ask ourselves: will the trend change figure not work this time? or is it just doing the pullback and then it will continue to go down?

Now I share with you how this analysis can totally change your perception of the market
In the following screenshot the entire analysis changes now we have a bullish trend continuation wedge that has broken the upward trend line and the price has already retraced 61% of Fibonacci so we could say that the price is going to rise to 1.53. So we go from bearish to bullish.

And now what do we do? My recommendation is the following:

If you have bought Cardano, stay firm until you reach 1.53, only change your mind if the price falls below 0.80

If you have sold Cardano, like me, I stay firm if the price does not exceed 1.10
$ADA

Note of every 10 analyses that I do, I get 5 right, the difference is that when I get it right I win between 2 to 3 times than when I lose

Always be faithful to your analysis

See you in the next analysis, great traders

#en|BTC94KShowdown #CardanoADA