Cardano’s (ADA) Bull Market Door Identified, Analyst Declares
- Unlike BTC, ADA does not need Fibonacci to break the bull market door, Gambardello said.
- The ChoCh and break of structure would help ADA beat the resistance it may face on the way.
- The $0.56 region could be a good entry should ADA drop to that level.
Dan Gambardello, a crypto analyst, revealed that he has finally found a bull market door for Cardano (ADA). According to Gambardello, it was difficult to identify the door on the ADA because Bitcoin (BTC) is the only asset that offers easy access to the indicator.
A bull market door is described using the Fibonacci retracement levels. Notably, it focuses on the bear market low to a bull market high. The analyst, in the video shared, noted that BTC had notable bull market doors in past cycles where the price action went on an exponential rally after.
ADA to Move E…
The post Cardano’s (ADA) Bull Market Door Identified, Analyst Declares appeared first on Coin Edition.
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Cardano’s (ADA) Bull Market Door Identified, Analyst Declares
- Unlike BTC, ADA does not need Fibonacci to break the bull market door, Gambardello said.
- The ChoCh and break of structure would help ADA beat the resistance it may face on the way.
- The $0.56 region could be a good entry should ADA drop to that level.
Dan Gambardello, a crypto analyst, revealed that he has finally found a bull market door for Cardano (ADA). According to Gambardello, it was difficult to identify the door on the ADA because Bitcoin (BTC) is the only asset that offers easy access to the indicator.
A bull market door is described using the Fibonacci retracement levels. Notably, it focuses on the bear market low to a bull market high. The analyst, in the video shared, noted that BTC had notable bull market doors in past cycles where the price action went on an exponential rally after.
ADA to Move E…
The post Cardano’s (ADA) Bull Market Door Identified, Analyst Declares appeared first on Coin Edition.
Read More
ADA Price Outlook Hinges on Breaking $3 Psychological Resistance Level