ADA Cardano - I am super bullish

6 Şub 2020

My argumentation:

• Cardano has been sold off three times for more than 80% - Elliot Wave Theory --> ABC correction coming
  
• Selling pressure seems to be gone since moving in that range, it doesn't seem as if anyone wants to sell it below these prices --> market makers will have to move in the other direction to benefit from the situation
  
• The 200 ema in the Daily setup has been crossed and confirmed with two positive candles, (third today)
  
• RSI came out of negative slope and was confirmed in the weekly.
  
• Ichimoku nice close and room to minimum of cloud (not shown in chart)
  

Personally I went big time into this setup. Not financial advise!

Happy trading!