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ADA: Resurgence

ADA or Cardano has seen great highs as a result of the Coinbase listing. Recently, ADA has crashed through several key support levels on both the 6H and 1D HTF.

There will be a key resurgence following both the continued decrease of Bitcoin and Ethereum. To counteract both of these falls and have less than a 3% drawdown. Nouvive through their partners, Aeries Labs has tested the Cerebellum Criteria on ADA.

The green entry level box will be the only entry, within it we will see Dollar Cost Averaging, nonetheless, there will be a stop loss just below the box. If it goes below this, all support levels would have been defeated – meaning ADA has now become a lost cause.

Enter 50%: 0.00001674

Enter 50%: 0.00001700

Take Profit 100%: 0.00002521

Profit: 31%

Stop Limit: 0.00001650

Risk: 3%

Time: Middle of September

Probability – 74%


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